A takeoff to 1.12 and a new drop | 10 Agustus 2016
10 Agustus 2016, EUR/USD
Daily chart: the pair is expressly directed toward the upper Bollinger band (1.1208), and does so on growing ADX
Н4: we remember about the bearish pattern Over&Under around 1.12. So far, support is at the middle band (1.1106), from where you can try to buy.
Н1: a better shaped support 1.1117 (middle Bollinger band)
Expectations: a pullback to 1.1117 followed by a surge to 1.12-1.1208, from where a new phase of drop will begin
Solutions: 1. Buy from 1.12 to 1.1117 2. Sell from around 1.1200 - 1.1208
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.
