manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Drop to 1.1181

22 June 2016, EUR/USD

Daily chart: the pair is predictably going through correction on weak ADX. Thus, our basic expectation is a continued decline towards 1.1072 (the lower Bollinger band) or a flat around ​​the middle band (1.1239)

Н4: a better shaped support from the lower band Bollinger (1.1181) and corrective parameters of ADX as well.

Н1: local ADX parameters are bearish. The pair is consolidated within the lower envelope (1.1239-1.1304), but everything aims to break up to 1.1181

The main scenario - decline to 1.1181 and an upward bounce.

The alternative scenario - touch of 1.1304 followed by decline towards 1.1181

Solutions: Sell to 1.1181 (the best possible way - from 1.1304)

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

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

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .