FreshForex - Analytics

    FreshForex

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    Finalization of zone 1.4473

    Daily chart: the bottom Bollinger band does not show any signs of the upward reversal, though connection of indicators has "tired". So, we are waiting for an upward correction after touch of the area 1.4473.

    Н4: bullish convergence of oscillator. Resistance 1.4611 (middle Bollinger Band).

    Н1: more localized resistance 1.4568 (middle Bollinger Band). Support is 1.4473.

    Expectations: The main scenario: touch of 1.4568 and then fall to 1.4473

    The alternative scenario: a direct drop to 1.4473


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