Dash on expectations around news and then fall
08 November 2016, EUR/USD
Daily chart: everyone knows what happens: everyone is waiting for result of US elections. From a technical point of view, a perfect option for speculators is dash on expectations to the upper Bollinger band (1.1163) and then an intense drop on Clinton's victory towards 1.1000 and 1.0841 (middle and lower Bollinger bands)
Н4: at this local frame, we can notice bearish pattern Over&Under from around 1.1120. That is about 80 points of growth, which may already include expectations.
Н1: local ADX/RSI has a trend status in favor of buyers. This justifies growth scenario in the area of 1.1120.
Expectations: so, today anything can happen, but we are waiting for growth to 1.1120, and then intense decline of euro towards 1.1025 and 1.1000
1. Buy to 1.1120
2. Sales from 1.1120 to 1.1000.
Aleksey PanasenkoAnalyst of «FreshForex» company
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