Waiting for a new decline of Euro | 06 Juli 2015
06 Juli 2015, EUR/USD
Daily chart: active ADX almost does not allow to hope for a high correction to 1.1386, where we have an entry point according to O&U. New decline can start at any time and bears have enough fuel for that.
.png "Waiting for a new decline of Euro")
Н4: two strong resistance lines at 1.1156 and 1.1223. From each of them, the pair may fall towards 1.0968.
.png "Waiting for a new decline of Euro")
Н1: as we see, the area 1.1138-1.1156 is very dense and looks like it cannot be overcome. Support is at 1.0990.
.png "Waiting for a new decline of Euro")
Expectations: decline to 1.0990. The price may also hit 1.1138-1.1156 before that.
Trading decisions:
1) We shall seel from 1.1156 to 1.0990.
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.
