A downward correction after rise to 1.1259 | 09 February 2016
09 February 2016, EUR/USD
Daily chart: the pressure from ADX is growing, so we can expect growth of the euro towards resistance 1.1305 and 1.1437
Н4: the local resistance arounf the upper Bollinger band (1.1260) can put the pair under correction to the middle band (1.1153)
Н1: here the pressure remains to 1.1259
Expectations: rise to 1.1259, then correction towards 1.1153
Trading solutions: 1) Buy to 1.1259. 2) Sales from 1.1259 to 1.1153
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.
