Flat in the range 1.0866-1.0937 | 22 December 2015
22 December 2015, EUR/USD
Daily chart: rebound from the middle Bollinger was predictable, but we see passive ADX, so probably tha pair would fall into the area of the middle band (1.0812) again prior to a further growth.
Н4: horizontal envelopes, IB from the upper Bollinger band - everything speaks for a decline in area of 1.08 (the bottom Bollinger band)
Н1: drop takes place within the framework of technical correction, therefore, support in the area of the two middle Bollinger bands (1.0866-1.0887) is possible. Resistance 1.0937 (Upper Bollinger Band)
Expectations: drop in the zone 1.0866-1.0887 and then a surge towards 1.0937
Trading solutions: purchase from 1.0866-1.0877 to 1.0937
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.
