Falling flat on the euro | 20 اكتوبر 2015
20 اكتوبر 2015, EUR/USD
The daily chart: a continued technical correction to the middle Bollinger band (1.1273), where either bulls will finally test the upper envelope, or miss the initiative and bears will be able to go to the lower envelope in the direction of 1.1098 (see. red arrow)
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Н4: expansion of envelopes, so waiting for finalization of 1.1273
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Н1: possible intraday flat within the range 1.1298-1.1338
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Expectations: The main scenario - flat within 1298-1.1338. The alternative scenario - decline to 1.1273
solutions: 1) You can try to sell from 1.1338 to 1.1298 and 1.1273 2) In the area of 1.1273 you may have a signal to buy that you can try to trade.
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.
