Decline to 1.1185 | 24 أغسطس 2016
24 أغسطس 2016, EUR/USD
Daily chart: a downward correction in the direction of the middle Bollinger band (1.1185) - ADX/RSI points to that.
Н4: accumulation of local bearish potential. Probably, we will see a break of the bottom envelope (1.1279) and then return to the middle band (1.1314), and only after that - the main phase of decline.
Н1: local ADX is already very strong, so we wait for attack of support 1.1279
Expectations: fall to 1.1185. The trajectory is likely to be as follows: break of 1.1279, then a return to 1.1314 and then drop
Solutions: sell from zone 1.1300 - 1.1314 to 1.1185
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.
