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Preparing to fall to the 25th figure

Preparing to fall to the 25th figure | 11 July 2016

11 July 2016, EUR/USD

Daily chart: the bottom Bollinger band favors a determined medium-term drop of the pair to 1.2527.

Н4: an extraordinary narrowing of the envelope suggests approaching impulse volume distribution. So far, the range is limited to the corridor 1.2864-1.3081

Н1: a better shaped corridor 1.2910-1.2992. So far, ADX is not ready for deeds, so the main movement may not happen today.

Expectations: Now, accumulation is to continue within the range of 1.2920-1.2992 as the part preparation for the general drop of the pair to 1.2527

Solutions: sell from 1.2992 to 1.2527 (in the medium run)

Aleksey Panasenko
FreshForex Analyst
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