Looking for new Sell entry points | 25 May 2016
25 May 2016, EUR/USD
Daily chart: a very active trend phase of ADX is justified and there are all preconditions for the continuation of the bearish trend. No purchases, only sales.
Н4: theoretically, the middle Bollinger band (1.1198) can become zone of possible demand in the Euro.
Н1: another local intermediate resistance 1.1159 (middle Bollinger band) area. Support is at 1.1116 (lower Bollinger band)
Expectations: So, in general, we expect decline, but we can not exclude the scenario with the upward correction to 1.1159-1.1198
Trading solutions: Look for new Sell entry points around 1.1159 and 1.1198. The goals may be in the 10th figure
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.
