Potential area for sales - 1.1334 | 16 May 2016
16 May 2016, EUR/USD
Daily chart: on Friday bears broke thr inside bar and thus have received a foundation to finalize zone 1.12 (the lower Bollinger band). But we see that the movement is running on weak parameters to ADX, so there may be surprises such as a return to the middle band (1.1357)
Н4: equiprobable options: a direct drop to 1.12, and a correction in the area of the middle Bollinger band (1.1357-1.1379)
Н1: a better shaped range 1.1276-1.1334.
Expectations: Now, wait for a return to 1.1334 and a downward movement first to 1.1276 and then, possibly, to 1.12
Trading solutions: Sell from 1.1334 to 1.1276 and 1.12
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.
