Buy on a decline to 1.1122 | 11 أغسطس 2016
11 أغسطس 2016, EUR/USD
Daily chart: ADX is growing and is close to the trend area, so we can expect periods of volatility. Meanwhile the price is concentrated inside the upper Bollinger envelope (1.1090-1.1222)
Н4: local support 1.1122 (middle Bollinger band), from where bulls, upon breakthrough of the upper envelope, may "shoot" up to 1.1200-1.1222.
Н1: a local trending bearish accumulation towards 1.1122.
Expectations: decline towards 1.1122 and then rebound towards 1.12
Solutions:
1. Sales to 1.1122
2. Buy from 1.1122 to 1.12
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.
