FreshForex - Analytics

    FreshForex

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    Decline towards 1.5371 is going on

    Decline towards 1.5371 is going on

     

     

    Daily chart: An intensive correction towards the middle Bollinger band (1.5371) is going on, from where bulls can probably push off.

    Н4: a local bearish pressure allows to expect that support 1.5371 will be reached.

    Н1: One of the options of intraday scenario is a flat within boundaries of enevelope.

    Expectations: so, main expectation: continuation of decline to 1.5371, but it is possible that the pair will spend the whole day in flat 1.5473-1.5533.

    Trading decisions:

    1) We keep sales open to 1.5371.

     

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