Log in

Euro. Correction to 1.1353 is expected

10 June 2016, EUR/USD

Day chart: obvious bearish momentum after the "collision" of a pair with the upper Bollinger band. So expect a continued decline in the direction of 1.1236 and 1.1071 (middle and lower bands of Bollinger, respectively). Euro. Correction to 1.1353 is expected H4: resistance is located at the middle Bollinger band (1.1353), sell from this area (in the case of correction). The next goal - 1.1236. Euro. Correction to 1.1353 is expectedH1: there is a local bullish convergence oscillator. It is possible that the pair will test the lower band (1.1284) and then go to 1.1353. Euro. Correction to 1.1353 is expectedExpectations: The main scenario: touching 1.1316 and then fall to 1.1284, then correction up to 1.1353. The alternative scenario: direct correction to 1.1353 and then the beginning of a new decline to 1.1236. Trading solutions: 1) Sale from 1.1353 to 1.1236.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.