Decline to 1.1100-1.1135 | 13 June 2016
13 June 2016, EUR/USD
Daily chart: the pair is very close to the lower envelope and then its target would be the lower Bollinger band (1.1072). ADX has not reached the trend area yet, therefore, probably, the movement will not have an impulse character.
Н4: and here, in turn, ADX is active and bears are attacking. The target could be the area 1.1100-1.1135.
Н1: we have also have an aggression from ADX here. Drop may hindered by a certain oversoldness, however, this argument is not enough for buyers. Thus, no purchase is considered
Expectations: So, we wait for decline towards 1.1100-1.1135
Trading solutions: sell to 1.1100-1.1135
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.
