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Sales from around 1.1020

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)

Sales from around 1.1020

Н4: local is at resistance 1.1040 (middle Bollinger band), an intermediate support 1.0978 (lower Bollinger band)

Sales from around 1.1020

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.

Sales from around 1.1020

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

Aleksey Panasenko
FreshForex Analyst
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