FreshForex - Analytics


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    Preparing to drop

    Daily chart: aspiration to the bottom band (1.4003)

    Н4: a few intermediate support lines on the ways to drop - 1.4233 (middle Bollinger Band) and 1.4135 (the bottom band). Given the horizontally placed envelopes and weak ADX, do not expect the pair to get below these levels.

    Н1: also a passive ADX, we are waiting for trading inside the bottom envelope (1.4221-1.4265) before the main phase of decline.

    Expectations: we waiting for the "drill operations" from bears at the support 1.4221, with possible moves to ​​1.4265 as preparation for drop to to 1.4135

    Trade Solutions: sales to 1.4135 from 1.4265

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