Decline continues | 15 ديسمبر 2016
15 ديسمبر 2016, EUR/USD
Daily chart: aggressive ADX along with downtrend and breakout of the last strategic support level 1.0500 indicate further Euro decline towards parity.
Н4: there is quite the same situation: bears push further. Bulls make fable attempts to buy around 1.0485 (lower Bollinger band), but market goes in opposite direction.
Н1: local day support level for Euro is 1.0437 (lower Bollinger band). Intraday traders can take profit exactly in this range, because correction is highly possible.
Expectations: we expect the pair to decline to 1.0437.
Solutions: sell around 1.0437.
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.
