A takeoff to 1.12 and a new drop

10 August 2016, EUR/USD

Daily chart: the pair is expressly directed toward the upper Bollinger band (1.1208), and does so on growing ADX

Н4: we remember about the bearish pattern Over&Under around 1.12. So far, support is at the middle band (1.1106), from where you can try to buy.

Н1: a better shaped support 1.1117 (middle Bollinger band)

Expectations: a pullback to 1.1117 followed by a surge to 1.12-1.1208, from where a new phase of drop will begin

Solutions: 1. Buy from 1.12 to 1.1117 2. Sell from around 1.1200 - 1.1208

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
© 2004—2018 FreshForex – Forex broker
manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call