Euro. Correction to 1.1353 is expected | 10 June 2016

10 June 2016, EUR/USD

Day chart: obvious bearish momentum after the "collision" of a pair with the upper Bollinger band. So expect a continued decline in the direction of 1.1236 and 1.1071 (middle and lower bands of Bollinger, respectively). Euro. Correction to 1.1353 is expected H4: resistance is located at the middle Bollinger band (1.1353), sell from this area (in the case of correction). The next goal - 1.1236. Euro. Correction to 1.1353 is expectedH1: there is a local bullish convergence oscillator. It is possible that the pair will test the lower band (1.1284) and then go to 1.1353. Euro. Correction to 1.1353 is expectedExpectations: The main scenario: touching 1.1316 and then fall to 1.1284, then correction up to 1.1353. The alternative scenario: direct correction to 1.1353 and then the beginning of a new decline to 1.1236. Trading solutions: 1) Sale from 1.1353 to 1.1236.


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.
Aleksey Panasenko
FreshForex Analyst
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