All three frames speak for a further decline of Euro | 07 July 2015
07 July 2015, EUR/USD
Daily chart: a very strong pressure from ADX almost does not give any chances to bears. Euro is falling and will plan to fall further.
.png "All three frames speak for a further decline of Euro")
Н4: the bottom Bollinger envelope has been broken which is a strong signal for sales. Waiting the pair on the middle Bollinger band (1.1060) and sell at 1.07.
.png "All three frames speak for a further decline of Euro")
Н1: the same situation - the bottom envelope has been broken. the middle Bollinger band just under the point (1.1039).
.png "All three frames speak for a further decline of Euro")
Expectations: All three frames speak for a strong decline. We shall sell from the area 1.1039-1.1060 к 1.07
Trading decision:
1) Sales from zone 1.1039-1.1060 to 1.07
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.
