New decline | 03 November 2015

03 November 2015, EUR/USD

The daily chart: Monday showed weakness of buyers expressed in the bearsih inside bar and southern extension of the Bollinger envelopes. We are waiting for new decline towards the bottom band (1.0881)

Н4: Bollinger envelopes preserve horizontal orientation with the range 1.0913-1.1084

Н1: more localized resistance 1.1047 (the upper Bollinger band), support to 1.1004, a break below that would activate drop (ie ADX is very close to trend value).

Expectations: to fall to 1.0913. Perhaps pre-contact zone of 1.1047.

solutions: Buy from the zone 1.1047 to 1.0913.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus