Wait for downward correction | 04 February 2016
04 February 2016, EUR/USD
Day chart: a pivot is expected to appear at this currency pair, because we have a broken upper Bollinger envelope, and it is a signal of pull back to middle Bollinger band (1.09)
H4: there is more localized support at middle Bollinger band (1.0938)
H1: resistance level at 1.1176 (upper Bollinger band). Intraday support level - 1.1062 (middle Bollinger band).
Expectations: the pair will decrease to 1.1062 after touching 1.1176 Trading solutions: sell from 1.1176 to 1.1062. You had better wait for signal at small timeframes.
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.
