Expecting an upward correction | 15 نوفمبر 2016
15 نوفمبر 2016, EUR/USD
Daily chart: Bollinger envelope has been broken, which is a strong bearish signal. But we must point to convergence of bullish oscillator and a hint of the inside bar at the end of the day. All this may cause upward correction toward the middle Bollinger band (1.0945)
Н4: the bottom Bollinger band still leaves a room for drop to 1.0714 but momentum is bullish now. Resistance is at 1.0842 (middle Bollinger band)
Н1: a local flat corridor 1.0713-1.0779 (envelopes, Bollinger band). ADX is weak, although buyers are active by the time of release of my review.
Expectations: correction towards 1.0842
Solutions: buy towards 1.0842.
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.
