Working on euro down | 08 June 2015
08 June 2015, EUR/USD
Daily chart: two bearish setups are working at once (ponbar and O&U) in the direction of the bottom Bollinger band (1.0818), but potential of decline is not sufficient yet, cause ADX is weak. So we do not exclude a roll of price up.
.png "Working on euro down")
Н4: local O&U from 1.1280 presents and in case of upward movement, we wait there to sell.
.png "Working on euro down")
Н1: resistance is better shaped at 1.1240.
.png "Working on euro down")
Expectations: attack of support 1.1039 with target at 1.0818 (comming days), and a possible pullback to 1.1240.
Trading decisions:
1) Keep sales open to 1.0818.
2) In case of growth to 1.1240, we shall again sell to the same target.
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.
