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

Preparing to fall to the 25th figure

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
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.