Sales to 1.1076 | 04 August 2016
04 August 2016, EUR/USD
Daily chart: there is a technical downward correction towards the middle Bollinger band (1.1076), from where bulls are expected to take a new attempt to lift the price.
Н4: very active trend ADX in favor of sellers. We are waiting for finalization of the zone 1.1076
Н1: local resistance at the middle Bollinger band (1.1159), support - 1.1119 (the bottom band)
The main scenario - drop towards 1.1076
The alternative scenario - touch of 1.1159 and then decline towards 1.1119
Trading solutions: sales from 1.1159 to 1.1076
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.
