Preparing to fall to the 25th figure | 11 Juli 2016
11 Juli 2016, EUR/USD
Daily chart: the bottom Bollinger band favors a determined medium-term drop of the pair to 1.2527.
Н4: an extraordinary narrowing of the envelope suggests approaching impulse volume distribution. So far, the range is limited to the corridor 1.2864-1.3081
Н1: a better shaped corridor 1.2910-1.2992. So far, ADX is not ready for deeds, so the main movement may not happen today.
Expectations: Now, accumulation is to continue within the range of 1.2920-1.2992 as the part preparation for the general drop of the pair to 1.2527
Solutions: sell from 1.2992 to 1.2527 (in the medium run)
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.
