New decline | 03 نوفمبر 2015

03 نوفمبر 2015, EUR/USD

The daily chart: Monday showed weakness of buyers expressed in the bearsih inside bar and southern extension of the Bollinger envelopes. We are waiting for new decline towards the bottom band (1.0881)

Н4: Bollinger envelopes preserve horizontal orientation with the range 1.0913-1.1084

Н1: more localized resistance 1.1047 (the upper Bollinger band), support to 1.1004, a break below that would activate drop (ie ADX is very close to trend value).

Expectations: to fall to 1.0913. Perhaps pre-contact zone of 1.1047.

solutions: Buy from the zone 1.1047 to 1.0913.

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.

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Aleksey Panasenko

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