FreshForex - Analytics

    FreshForex

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    Real

    We are expecting pair correction to 1.1213

    Daily chart: bulls trend remains on working with resistance area 1.1430. However we can observe signs of diminution (it is oscillator overboughtness and extreme ADX)

    Н4: bears divergence. Resistance is localized on 1.1356 (upper Bollinger band), support is on 1.1228 (middle line).

    Н1: flat horizontal Bollinger envelopes gives bears possibility to decrease price to 1.1213 from present levels.

    Expectation:

    Main possibility - decrease to 1.1213 from present levels

    Alternative possibility: - decrease after risen 1.1356 level.

    Trading decisions: it is time to sell from 1.1356 or present levels to 1.1213.


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