1.0695 Breakout Expectations | 30 March 2017

30 March 2017, EUR/USD

Daily chart: key support level is middle Bollinger band (1.0695). If it stops bears, we will see a new price rise (see blue arrow). If bears will be able to push the price lower, the price will sink down towards lower Bollinger band (1.0482)

1.0695 Breakout Expectations

Н4: here ADX shows aggressive bearish trend. Correction may reach resistance level in 1.0814 region (middle Bollinger band) but in general we will expect attempts of downside breakout of support level at 1.0730 aiming at 1.0695.

1.0695 Breakout Expectations

Н1: There are two strong resistance levels that possible rollback may face - at 1.0761 and 1.0786 (middle and upper Bollinger band). One of these levels is likely to push the pair down.

1.0695 Breakout Expectations

Expectations: drop to 1.0695 following possible price touching of 1.0761-1.0786

Trading signals: consider selling from region of 1.0761-1.0786 to 1.0695

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Aleksey Panasenko
FreshForex Analyst
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