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Expecting Fall from 1.0800 Level

Expecting Fall from 1.0800 Level | 17 March 2017

17 March 2017, EUR/USD

Daily chart: here we have 50/50 The pair approached bearish Over&Under (1.08) and may start dropping at any moment now (see purple arrow), however, bulls have managed to break upper Bollinger envelope twice, so rise to 1.0837 is also possible.

Expecting Fall from 1.0800 Level

Н4: here we see bearish oscillator divergence, which indicates bullish weakening at 1.0800 area and results in selling.

Expecting Fall from 1.0800 Level

Н1: here we also see oscillator divergence. Valid resistance level is around 1.0800 (upper Bollinger band). Support levels are at 1.0754 and 1.0712 (middle and lower Bollinger bands).

Expecting Fall from 1.0800 Level

Expectations: we expect price to touch 1.0800 and then start declining towards 1.0754 and 1.0712.

Solutions: consider selling from 1.0800 to 1.0754 and 1.0712.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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