See how the price will react on 1.0543-1.0550 region | 01 March 2017

01 March 2017, EUR/USD

Daily chart: euro sticks to declining structure, so we are likely to see further drop towards lower Bollinger band (1.0484). ADX is getting closer and closer to trend, so bears may enter the market at any moment now.

See how the price will react on 1.0543-1.0550 region

Н4: here we have declining ADX, so bears may have certain difficulties in 1.0550 region (lower Bollinger band). This may cause day flat in 1.0550-1.0613 region

See how the price will react on 1.0543-1.0550 region

Н1: here ADX is corrective. So we have strong support in 1.0543-1.0550 region. In case of its breakout, movement to the downside will be triggered.

See how the price will react on 1.0543-1.0550 region

Expectations:

Core scenario - flat in 1.0543-1.0584

Alternative scenario - drop to 1.0484 (in case of downward breakout of 1.0543)

Solutions: consider selling from 1.0584 to 1.0484

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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