We are expecting pair correction to 1.1213 | 11 Febrero 2016
11 Febrero 2016, EUR/USD
Daily chart: bulls trend remains on working with resistance area 1.1430. However we can observe signs of diminution (it is oscillator overboughtness and extreme ADX)
Н4: bears divergence. Resistance is localized on 1.1356 (upper Bollinger band), support is on 1.1228 (middle line).
Н1: flat horizontal Bollinger envelopes gives bears possibility to decrease price to 1.1213 from present levels.
Expectation:
Main possibility - decrease to 1.1213 from present levels
Alternative possibility: - decrease after risen 1.1356 level.
Trading decisions: it is time to sell from 1.1356 or present levels to 1.1213.
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.
