Sell to 1.0880 | 29 February 2016
29 February 2016, EUR/USD
Daily chart: the tendency of pair decrease are remain in direction of bottom Bollinger line (1.0820) ADX is very active.
Н4: it is possibility of local trading in the limits of bottom Bollinger Envelope (1.0921-1.1000)
Н1: the resistance has been achieved on 1.0951 level (middle Bollinger line), it could throw pair to the bottom line (1.0880).
Expectation:
main possibility is decreasing from currently levels to 1.0880
alternative possibility is rise up to 1.1000 level and then decrease to 1.0880 level.
Trading decisions: sells to 1.0880 level.
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.
