05 August 2016, EUR/USD
Daily chart: the pair is aimed at the upper Bollinger band (1.1205), and the movement has no trend signs
Н4: around psychological resistance 1.12 we notice a bearish pattern Over&Under. You can put sell limit orders with a stop loss above the recent highs.
Н1: at this local level we see the bullish potential, which corresponds to expectation of growth to 1.1198 on H4 chart
Expectations: surge to 1.12 followed by an abrupt decline
1. Purchase to 1.12
2. Sales from 1.12. On Thursday the leading stock exchanges demonstrated a moderately positive dynamics, but bulls were unable to extract dividends from this trend on this pair. Investors ignore positive background only in one case, when there are strong sellers on the market.
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us