Expecting touch of 1.1122 zone and rebound
19 September 2016, EUR/USD
Daily chart: the pair has entered the flat within bottom Bollinger envelope (1.1122-1.1217). It is almost 100 points, so it makes sense to check smaller charts for possible signals at borders of the specified range.
Н4: a little better shaped support at bottom Bollinger band (1.1150). But here ADX is in the active zone, therefore, the prick will be lower at 1.1122.
Н1: bottom Bollinger band is at 1.1126, where an overall momentum aims to after a touch of the middle band ( 1.1172). ADX is corrective, so a deeper breakdown is not expected, which means that we can look for upward signals around 1.1122-1.1126.
Expectations: decline to 1.1122-1.1126 and then rise to 1.1172 and possibly, 1.1217 < p> Solutions: buy after touch of 1.1122 to 1.1172 with targets 1.1217 and 1.1217.
Aleksey PanasenkoAnalyst of «FreshForex» company
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