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Consider Selling from 1.0678

Consider Selling from 1.0678 | 03 April 2017

03 April 2017, EUR/USD

Daily chart: the pair entered lower Bollinger envelope and ensured potential for decline to 1.0524 (lower Bollinger band). ADX shows growing trend which indicates readiness for drop continuation.

Consider Selling from 1.0678

Н4: here we have narrowed lower Bollinger envelope (1.0620-1.0737). ADX is trending but corrective. There is a possibility of upside rollback before a new drop.

Consider Selling from 1.0678

Н1: breakout of lower Bollinger envelope along with extending bands indicate coming drop. The best point to enter the market is middle Bollinger band (1.0678)

Consider Selling from 1.0678

Expectations: we expect the price to touch 1.0678 region and then drop to 1.0620 or lower to 1.0524.

Trading signals: consider selling from 1.0678 to 1.0620 and 1.0524 (extraday).

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