25 May 2016, EUR/USD
Daily chart: a very active trend phase of ADX is justified and there are all preconditions for the continuation of the bearish trend. No purchases, only sales.
Н4: theoretically, the middle Bollinger band (1.1198) can become zone of possible demand in the Euro.
Н1: another local intermediate resistance 1.1159 (middle Bollinger band) area. Support is at 1.1116 (lower Bollinger band)
Expectations: So, in general, we expect decline, but we can not exclude the scenario with the upward correction to 1.1159-1.1198
Trading solutions: Look for new Sell entry points around 1.1159 and 1.1198. The goals may be in the 10th figure
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us