Key support - 1.1200 | 15 June 2016
15 June 2016, EUR/USD
Daily chart: bears managed to run break the lower envelope through, but nevertheless, ADX continues to remain passive, thus enabling further price fluctuations
Н4: key support - 1.1200 (the bottom Bollinger band plus round the psychological level). ADX is very active, so advantage belongs to bears
Н1: On the local level, the pair is consolidated in the lower envelope (range 1.1169-1.1233)
Expectations: The main scenario - touch of 1.1233 and then decline towards 1.1169
The alternative scenario - a direct drop to 1.11
Trading solutions: sales from 1.1233 to 1.1169 and 1.11
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.
