27 June 2016, EUR/USD
Daily chart: Here is the broken lower Bollinger envelope, so in general we expect a deeper decline, but before that a rollback to the middle band (1.1242) possible, where now the best possible downward entry points are based.
Н4: there is a potential for a rollback to the middle band (1.1242), although expansion of the envelope is big, which may lead to a new drop without pullbacks.
Н1: grip within a wide range 1.0936-1.1242 greatly complicates trades
The main scenario - flat within a wide range 1.0942-1.1242
The alternative scenario - directional correction to 1.1242, from where another drop will start. Solutions: On growth to 1.1242 - sell to 1.0942
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