18 July 2016, EUR/USD
Daily chart: the bottom Bollinger band has dropped to a certain extent and points to 1.0933, where the relevant goal of bears is currently based. But now ADX is weak, so the movement is likely to be non-unidirectional.
Н4: expansion of Bollinger envelopes with corrective, but active ADX parameters - not an easy combination. But we are based on the bearish scenario though. Area of the middle Bollinger band (1.1097) may be a major area of supply for the euro.
Н1: active trend ADX. Support is at 1.1036 (the bottom Bollinger band), resistance is at 1.1088-1-1097 (middle band)
The main scenario - drop under the support 1.1036 and test of the 9th figure
The alternative scenario - trading in both directions within 1.1036-1.1088
Solutions: sale of the zone 1.1088 -1.1097 to 1.0933 (extraday)
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us