FreshForex - Analytics


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    Decline will continue

    Daily Chart: ADX continues to gain momentum, so we expect decline of the euro to to continue.

    Н4: local support at 1.07, there may be some pullback and turbulence, but ADX is also active, so it is very likely that bears will carry break the 6th figure.

    Н1: local clamping within the corridor 1.0727-1.0763, from where the price is to get down.

    Expectations: So, we waiting the price to fall to 1.07 and 1.0660. Under the same scenario, we consider the possibility of pre-touch of 1.0763.

    Trading solutions: sales from 1.0763 to 1.07 and to 1.0660

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