FreshForex - Analytics


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    We are expecting pair on support 1.4474

    Daily chart: the attack to the upper Bollinger line is happening without enough support from ADX, so it will be correction in direction of middle Bollinger line (1.4372).

    Н4: side diapason is 1.4372-1.4567. We marked Inside Bar from upper line so main expectation is decrease pair from present level.

    Н1: it is pressed envelope support localized on 1.4474 with high possibility of bouncing upwards.

    Expectation: decrease to 1.4474 and then bounce upwards to 1.4517 and probably to 1.4567

    Trading decisions:

    1) Sell to 1.4474

    2) Buy from 1.4474 to 1.4517 and maybe to 1.4567.

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