FreshForex - Analytics

    FreshForex

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    Working on euro down

     

    Daily chart: two bearish setups are working at once (ponbar and O&U) in the direction of the bottom Bollinger band (1.0818), but potential of decline is not sufficient yet, cause ADX is weak. So we do not exclude a roll of price up.

    Working on euro down

    Н4: local O&U from 1.1280 presents and in case of upward movement, we wait there to sell.

    Working on euro down

    Н1: resistance is better shaped at 1.1240.

    Working on euro down

    Expectations: attack of support 1.1039 with target at 1.0818 (comming days), and a possible pullback to 1.1240.

    Trading decisions:

    1) Keep sales open to 1.0818.

    2) In case of growth to 1.1240, we shall again sell to the same target.



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