South pressure | 11 November 2015
11 November 2015, EUR/USD
Daily chart: bottom Bollinger band gets 5th figure and current target is 1.0585.
Н4: bull’s convergance shows a small seller’s weak, but there is a bearish potencial here. Resistance is located at middle Bollinger band, and support at 1.0650 (bottom band).
Н1: There is a convergence here too. Some upward roll backs are expected to appear soon.
Expectations: correction to 1.0772 area and then to low goals - 1.0680 and 1.0585 Trading solutions: sell from 1.0772 area to 1.0680 and 1.0585
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.
