Ready for a deeper decline | 12 Juli 2016
12 Juli 2016, EUR/USD
Daily chart: pressure from ADX is growing. So far we are based on readiness of the price for the new fall towards 1.0957 (the bottom Bollinger band). It is better to enter down from around the middle band (1.1164), if, of course, such a correction will happen.
Н4: a calm horizontal corridor 1.1023-1.1107 (Bollinger envelopes are yellow)
Н1: a bearish pinbar from the upper Bollinger Band may indicate a weakness of bulls and the possibility of decline to 1.1023 (the lower Bollinger band).
Expectations: decline to 1.1023 and maybe toward 1.0957
Solutions: sales to 1.1023 and 1.0957
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.
