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Decline to 1.1100-1.1135

13 June 2016, EUR/USD

Daily chart: the pair is very close to the lower envelope and then its target would be the lower Bollinger band (1.1072). ADX has not reached the trend area yet, therefore, probably, the movement will not have an impulse character.

Decline to 1.1100-1.1135

Н4: and here, in turn, ADX is active and bears are attacking. The target could be the area 1.1100-1.1135.

Decline to 1.1100-1.1135

Н1: we have also have an aggression from ADX here. Drop may hindered by a certain oversoldness, however, this argument is not enough for buyers. Thus, no purchase is considered

Decline to 1.1100-1.1135

Expectations: So, we wait for decline towards 1.1100-1.1135

Trading solutions: sell to 1.1100-1.1135

Aleksey Panasenko
FreshForex Analyst
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