Sales from around 1.1020 | 21 July 2016
21 July 2016, EUR/USD
Daily chart: ADX is weak, but generally shows growth. Therefore, the main expectation is a continued decline without a trend component. Support is at 1.0929 (lower Bollinger band)
Н4: local is at resistance 1.1040 (middle Bollinger band), an intermediate support 1.0978 (lower Bollinger band)
Н1: a better shaped resistance 1.1029 (upper Bollinger band). ADX is in the active zone, therefore, the range 1.0992-1.1020 is not likely to hold the price.
The main scenario - touch of 1.1020 and then decline towards 1.0929
The alternative scenario - flat 1.0992-1.1020
Solutions: sales from 1.1020 to 1.0929
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
