FreshForex - Analytics


612.75 7.75/10
65% of positive reviews

Decline that may be delayed for one day

Daily chart: Southern trend is still relevant. We expect a continued decline towards 1.4973 (the bottom Bollinger band).

Н4: very active ADX, so support from the middle Bollinger band (1.5051) looks doomed. And, as we see, the real goal is 1.4908

Н1:for more one day the pair can "lie" in the flat in the range of the bottom envelope (1.5038-1.5075)

Expectations: The main scenario - flat 1.5038-1.5075. The alternative scenario - decline to 1.4908.

Trading solutions: sale to 1.4908, the target can be reached the next day

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