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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.

Expecting touch of 1.1122 zone and rebound

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.

Expecting touch of 1.1122 zone and rebound

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.

Expecting touch of 1.1122 zone and rebound

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 Panasenko
FreshForex Analyst
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