Correction to the area 1.1031 and a new decline | 16 December 2015
16 December 2015, EUR/USD
Daily chart: the pair tends to the technical pullback in the area of the middle Bollinger band (1.0783).
Н4: horizontal envelopes plus IB from the bottom Bollinger band are about to drop the euro once again to 1.1031 (the upper band)
Н1: we also are waiting for growth to 1.0979 and 1.1031.
Expectations: So, we wait for a correction to 1.0979 and 1.1031, from where the decline could continue to 1.0894.
Trading solutions: 1) Purchases to 1.0979 and 1.1031. 2) Sales from 1.1031 zone to 1.0894 and 1.0783 (extraday)
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.
