Decline from current levels is expected | 24 August 2015
24 August 2015, EUR/USD
The daily chart: strong movement has brought the price to the level of 1.1395, which corresponds to the beginning of a downward reversal based on the pattern O&U (or at least correction to the middle Bollinger band 1.1064).
.png "Decline from current levels is expected")
Н4: the upper Bollinger band is located at 1.1405 that can say about another attempt made by bulls. Support is located at 1.1168 (the middle Bollinger Band).
.png "Decline from current levels is expected")
Н1: is another important argument for a downward reversal - a divergence oscillator. Local support is at 1.1317, the next - 1.1221.
.png "Decline from current levels is expected")
Expectation: So, waiting for decline from current levels to 1.1317 and then to 1.122.
Solutions: 1) sales from current levels to 1.1317 and 1.1221.
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.
