Trading within the range 1.1143-1.1206 is possible prior to drop | 01 Oktober 2015
01 Oktober 2015, EUR/USD
The daily chart: the pair is sliding in the direction of the bottom Bollindger band (1.1080)
.png "Trading within the range 1.1143-1.1206 is possible prior to drop")
Н4: Bollinger envelopes are stable, promising support at the bottom band (1.1143), but we see hyper-activity of ADX, so bears have a distinct advantage.
.png "Trading within the range 1.1143-1.1206 is possible prior to drop")
Н1: Probably, trading within the range 1.1143-1.1206
.png "Trading within the range 1.1143-1.1206 is possible prior to drop")
Expectations: So, we wait for touch of zone 1.1143, rebound to 1.1206 and from there a continued drop to 1.1080
solutions:
1) Purchases (on additional signal) in the zone of 1.1143 to 1.1200
2) Sales from 1.1206 to 1.1080 (extraday)
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.
