1.0746-1.0849 Range | 29 March 2017

29 March 2017, EUR/USD

Daily chart: we may actually see 150-pip correction to the downside (to 1.0678, middle Bollinger band). We will wait and see if bears manage such a rollback.

1.0746-1.0849 Range

Н4: here support level is around lower Bollinger band (1.0745). This level seems to be strong enough considering horizontal placement of Bollinger envelopes. However, ADX is very close to trending and bears may try to push the price down.

1.0746-1.0849 Range

Н1: several pinbars in a row beyond Bollinger envelopes and bullish inside bar indicates coming correction. Resistance level is around middle Bollinger band (1.0849)

1.0746-1.0849 Range

Expectations:

Core scenario - upside rollback to 1.0849 region followed by another trial to push the price down towards 1.0746

Alternative scenario - direct decline to 1.0746

Trading signals: consider selling from 1.0849 to 1.0746

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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