Only sales | 05 January 2016
05 January 2016, EUR/USD
Daily chart: downward pressure is being accumulated, but so far ADX has not reached the core, so the price may delay at current levels (1.0807, the bottom Bollinger band)
Н4: Here, as we see, ADX is already active, so we should expect that downward scenario would continue. Although support 1.0807 looks impressive.
Н1: calm ADX, so today's range can be limited by the range of the bottom envelope (1.0773-1.0836)
Expectations: The main scenario - downward flat 1.0773 -1.0836
The alternative scenario - decline to 1.07
Trading solutions: keep sales and add more on return to 1.0836
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.
