Premarket view on the euro. Analysis of Friday's close | 04 Enero 2016
04 Enero 2016, EUR/USD
Daily Chart: ADX is not very active, but it is much easier for the pair to fall to the bottom Bollinger band (1.0702) than to resist it.
Н4: active trending downward pressure in the direction of 1.08
Н1: many bars outside Bollinger envelopes. It can give a chance for correction in the area of the middle Bollinger band (1.0917), but does not give much chance to buy.
Expectations: we are waiting the price to fall to 1.08 and then maybe there will be some correction upwards towards 1.0917, followed by drop of the euro towards 1.07 again (extraday)
Trading solutions: sales to 1.08 and 1.07
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.
