A very difficult resistance zone 1.1150-1.1178 | 20 August 2015
20 August 2015, EUR/USD
The daily chart: EUR is actively moving towards 1.1178 (Upper Bollinger Band), but growth is in contrast to weak ADX, therefore, a downward bounce is likely.
.png "A very difficult resistance zone 1.1150-1.1178")
Н4: a more localized resistance at 1.1150 (Bollinger upper line ). Aggressive breakdown of the inside bar favors bulls.
Support is located at 1.1018
.png "A very difficult resistance zone 1.1150-1.1178")
Н1: a high overboughtness also says that buyers will have difficulties in the area of resistance 1.1150-1.1178. Support Area - 1.1068-1.1078.
.png "A very difficult resistance zone 1.1150-1.1178")
Expectations: touching zone 1.1150-1.1178 and then decline to 1.1168-1.1178.
solutions:
1) Sales from 1.1150-1.1178 to 1.1078.
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.
