FreshForex - Analytics


    624.75 7.75/10
    65% of positive reviews

    We are looking for signals and corrections in 111.89 zone

    Daily chart: it is active phase of decrease but it is third bar in a row outside the Bollinger Envelope. It leads to possible correction at nearest time.

    Н4: Bulls oscillator convergence is noticeable and means about local pressure decrease and possibility of pullback to middle Bollinger line (115.01) it would be point for sell.

    Н1: Support is on 111.89 level, resistance is on 113.77

    Expectation: decrease to 111.89 and then bounce upwards to 112.54 and maybe to 113.77

    Trading decisions:

    1) sell to 111.89

    2) look for signals and buy into 111.89 zone.

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