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We are expecting pair correction to 1.1213

We are expecting pair correction to 1.1213 | 11 February 2016

11 February 2016, EUR/USD

Daily chart: bulls trend remains on working with resistance area 1.1430. However we can observe signs of diminution (it is oscillator overboughtness and extreme ADX)

We are expecting pair correction to 1.1213

Н4: bears divergence. Resistance is localized on 1.1356 (upper Bollinger band), support is on 1.1228 (middle line).

We are expecting pair correction to 1.1213

Н1: flat horizontal Bollinger envelopes gives bears possibility to decrease price to 1.1213 from present levels.

We are expecting pair correction to 1.1213

Expectation:

Main possibility - decrease to 1.1213 from present levels

Alternative possibility: - decrease after risen 1.1356 level.

Trading decisions: it is time to sell from 1.1356 or present levels to 1.1213.

Aleksey Panasenko
FreshForex Analyst
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