Selling from around 1.1155 | 28 Juni 2016

28 Juni 2016, EUR/USD

Daily chart: the upward correction suggest itself in the direction of the middle Bollinger band (1.1240) - the pair has broken the lower envelope; from a technical point of view, this rollback is justified, plus yesterday the inside bar was obtained.

Н4: here we see that the lower Bollinger band (1.0857) has not been finalized yet, we do not expect the euro above the local middle band (1.1155). Not only that - we sell the pair out of this zone.

Н1: a flat corridor within the Bollinger envelopes (1.0977-1.1071) can be broken, because ADX is based in the trend area (though not growing).

The main scenario - growth to 1.1155 followed by another decline towards 1.0857.

The alternative scenario - flat 1.0977-1.1071

Trading solutions: sales from 1.1155 to 1.0857


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.
Aleksey Panasenko
Analis perusahaan "FreshForex"
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