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Drop to 1.1142

17 June 2016, EUR/USD

Daily chart: despite high volatility, the pair retains a horizontal range of 1.1072-1.1383, and taking into account lack ADX's activity, we can not yet rely on trend's distribution

Drop to 1.1142

Н4: the same flat and better shaped corridor within the Bollinger envelopes 1.1174-1.1310.

Drop to 1.1142

Н1: On the local level the pair is under the strong resistance area 1.1210-1.1253. We expect it to fall to the bottom band (1.1142)

Drop to 1.1142

Expectations: decline towards 1.1142

Trading solutions: sales to 1.1142.

Aleksey Panasenko
FreshForex Analyst
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