Sell into the range of bearish O&U | 09 March 2016
09 March 2016, EUR/USD
Daily chart: price faced a strong resistance on middle Bollinger line (1.1065) now it is big possibility of decreasing to 1.0799 (bottom line).
Н4: locally pair is in the range 1.0919-1.1052.
Н1: we can observe local bear’s O&U from 1.1046 zone. Intraday support is on 1.0991.
Expectation: upper pullback to 1.1046 and then decrease to 1.0991 and to 1.0919
Trading decisions: sell from 1.1046 to 1.0991 and 1.0918
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.
