The range 1.1058 - 1.1100 | 08 أغسطس 2016
08 أغسطس 2016, EUR/USD
Daily chart: the pair has predictably reached the middle Bollinger band and is now in the middle of the envelope range (1.0951-1.1200), i.e., in the wrong place to search for any entry options.
Н4: a better shaped corridor inside the bottom Bollinger envelope (1.1058 - 1.1143)
Н1: we confirm support 1.1058 (the bottom Bollinger band), from where the pair is likely to make a rebound towards 1.11.
Expectations: decline towards 1.1058 and then an up rebound to 1.11
Solutions: we are considering buying options intraday from 1.1158 to 1.11.
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.
