Decline to 1.08 | 28 January 2016
28 January 2016, EUR/USD
Daily chart: the pair is still in the mid-range of flat 1.0783-1.0976
Н4: downward correction towards 1.0851 and 1.0795 (middle and bottom Bollinger band, respectively).
Н1: active ADX, this may mean local trend of bearish activity. We expect a breakdown of support 1.0861 (the bottom Bollinger band)
Expectations: the price will fall to 1.08. Sales can be opened after a rollback to 1.0880
Trading solutions: sales from 1.0880 to 1.08
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.
