Bears in the Arena | 12 August 2016
12 August 2016, EUR/USD
Daily chart: the pair continues to stay within the upper Bollinger envelope (1.1090 - 1.1222)
Н4: The bearish pattern Over&Under is being worked out; the goal is 1.1051 (bottom Bollinger band)
Н1: a local resistance 1.1157 (middle Bollinger band), from where we can again consider sales of euro. Here ADX is not so active, so there may be delays at 1.1128 and 1.1090
Expectations: and now, we waiting euro to fall to 1.1128, 1.1090 and 1.1051. Pre-tes resistance 1.1157 is possible
Solutions: sell to 1.1090 and 1.1051 (the best possible range is between 1.1147)
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.
