Expecting breakdown of support 1.10 | 19 Agosto 2015

The daily chart: the price has almost reached the intermediate support from the middleполосы Bollinger band (1.1007). If it does not manage to hold bears, we will see a continuation of decline around the bottom band (1.0850), from where, with a high degree of confidence, we can wait for the medium-term growth to the upper band (1.1154).

Н4: the support zone on 1.10 is under a huge load and is likely to be broken. ADX is very active.

Н1:area of ​​possible entry into the sale - 1.1050 (middle Bollinger Band).

Expectations: So, we wait when the price would fall to 1.0931 and 1.0850. Before that we can see a possible pullback to 1.1050, from where you can sell.

solutions:

1) Sales from 1.1050 to 1.0850.