Bears are taking an advantage | 23 سبتمبر 2015
23 سبتمبر 2015, EUR/USD
The daily chart: Bears continue to push the euro down, but strong support in the area of the lower Bollinger band (1.1052) is waiting for the pair
.png "Bears are taking an advantage")
Н4: trend pressure on ADX, so support 1.1052 may be under stress
.png "Bears are taking an advantage")
Н1: oscillator convergence suggests some weakness of sellers. Local support is in the area of 1.11
.png "Bears are taking an advantage")
Expectations: (The main scenario)
: Decline to 1.11 and bounce to 1.1153
The alternative scenario: Deeper decline to 1.1152 and then bounce up.
solutions:
1) No Buy options, but there is almost no space for Sale as well. However, advantage is on the bears's side, so sale is preferable.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
