Sell from 1.1138 | 01 Juli 2016
01 Juli 2016, EUR/USD
Daily chart: the pair is exactly in the middle of the lower Bollinger envelope (1.1010-1.1240), buy selling is yet profitable not. Let's get "updated" on the younger frames.
Н4: local resistance from the upper Bollinger band - 1.1138. ADX is weak and going through correction, so the most likely scenario is a downward rebound directly from this area.
Н1: a similar situation, although ADX is rising. However, it is far from the trendline area and the upper Bollinger band is dropping. So today's range is 1.1053-1.1138.
Expectations: touch of 1.1138 followed by a drop to 1.1053.
Solutions: sell from 1.1138 to 1.1053.
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.
