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Sales to 1.1076

04 August 2016, EUR/USD

Daily chart: there is a technical downward correction towards the middle Bollinger band (1.1076), from where bulls are expected to take a new attempt to lift the price.

Н4: very active trend ADX in favor of sellers. We are waiting for finalization of the zone 1.1076

Н1: local resistance at the middle Bollinger band (1.1159), support - 1.1119 (the bottom band)

The main scenario - drop towards 1.1076

The alternative scenario - touch of 1.1159 and then decline towards 1.1119

Trading solutions: sales from 1.1159 to 1.1076

Aleksey Panasenko
FreshForex Analyst
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