Resistance area 1.1092-1.1119 | 29 Juni 2016

29 Juni 2016, EUR/USD

Daily chart: attempts to break up the inside bar, but it is only a false breakdown. Despite relevance of the correction in the area of ​​the middle band of Bollinger (1.1240), potential remains to be generally southern,

Н4: a better shaped resistance 1.1119 (middle Bollinger band) can send the pair to a another downward movement to the lower band (1.0850)

Н1:within the frame 1.1021-1.1092 a flat accumulation continues.

The main scenario - flat in the corridor 1.1021-1.1092

The alternative scenario - touch of 1.1119 followed by a start of drop to 1.1021 targeting 1.0850

Trading solutions: consider the downward entry points around 1.1092 -1.1119.


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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