manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Sell from 1.1138

01 July 2016, EUR/USD

Daily chart: the pair is exactly in the middle of the lower Bollinger envelope (1.1010-1.1240), buy selling is yet profitable not. Let's get "updated" on the younger frames.

Н4: local resistance from the upper Bollinger band - 1.1138. ADX is weak and going through correction, so the most likely scenario is a downward rebound directly from this area.

Н1: a similar situation, although ADX is rising. However, it is far from the trendline area and the upper Bollinger band is dropping. So today's range is 1.1053-1.1138.

Expectations: touch of 1.1138 followed by a drop to 1.1053.

Solutions: sell from 1.1138 to 1.1053.

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