We expect strong resistance 1.0991 | 10 August 2015
10 August 2015, EUR/USD
Daily chart: euro is in the flat corridor 1.0810-1.1109, with an intermediate resistance in the middle band (1.0960). In the case of breakthrough of this level we will see the growth to 1.1109.
.png "We expect strong resistance 1.0991")
Н4: we see strong resistance in the upper band (1.0990), as ADX os too weak to break.
.png "We expect strong resistance 1.0991")
Н1: the same thing - according to the lack of ADX state , waiting for the rebound from 1.0991 down towards the lower band(1.0875)
.png "We expect strong resistance 1.0991")
Expectations: contact to 1.0991 and decline to 1.0875
Trading solutions:
1) Sell from 1.0991 to 1.0875
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.
