Drop to 1.1142 | 17 June 2016
17 June 2016, EUR/USD
Daily chart: despite high volatility, the pair retains a horizontal range of 1.1072-1.1383, and taking into account lack ADX's activity, we can not yet rely on trend's distribution
Н4: the same flat and better shaped corridor within the Bollinger envelopes 1.1174-1.1310.
Н1: On the local level the pair is under the strong resistance area 1.1210-1.1253. We expect it to fall to the bottom band (1.1142)
Expectations: decline towards 1.1142
Trading solutions: sales to 1.1142.
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.
