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

Resistance area 1.1092-1.1119

29 June 2016, EUR/USD

Daily chart: attempts to break up the inside bar, but it is only a false breakdown. Despite relevance of the correction in the area of ​​the middle band of Bollinger (1.1240), potential remains to be generally southern,

Н4: a better shaped resistance 1.1119 (middle Bollinger band) can send the pair to a another downward movement to the lower band (1.0850)

Н1:within the frame 1.1021-1.1092 a flat accumulation continues.

The main scenario - flat in the corridor 1.1021-1.1092

The alternative scenario - touch of 1.1119 followed by a start of drop to 1.1021 targeting 1.0850

Trading solutions: consider the downward entry points around 1.1092 -1.1119.

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 .