Decline will continue | 06 January 2016
06 January 2016, EUR/USD
Daily Chart: ADX continues to gain momentum, so we expect decline of the euro to to continue.
Н4: local support at 1.07, there may be some pullback and turbulence, but ADX is also active, so it is very likely that bears will carry break the 6th figure.
Н1: local clamping within the corridor 1.0727-1.0763, from where the price is to get down.
Expectations: So, we waiting the price to fall to 1.07 and 1.0660. Under the same scenario, we consider the possibility of pre-touch of 1.0763.
Trading solutions: sales from 1.0763 to 1.07 and to 1.0660
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.
