A continued downward correction | 22 أغسطس 2016
22 أغسطس 2016, EUR/USD
Daily chart: target downward correction in the direction of the middle Bollinger band (1.1155) has been launched.
Н4: trend pressure from ADX also favors sellers.
Н1: local resistance 1.1306 (middle Bollinger band and round level), from where the price is expected to continue to fall to 1.1248 and 1.1155.
Expectations: in growth to 1.1300 - 1.1306 and then decline towards 1.1248 and 1.1155
Solutions: sale from 1.1300 - 1.1306 to 1.1248 and 1.1155.
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.
