FreshForex - Analytics


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    We expect the price to reach support 1.3807 and correction upward

    Daily chart: bears pressure is remained but we should pay attention to bulls convergence oscillator. The third bar is outside Bollinger Envelopes that is a strong condition for north correction.

    Н4: both observed indicators are in extreme zone, support is from bottom Bollinger line 1.3807, price can bounce upward to 1.3927 or 1.4073.

    Н1: south grip into range of Bollinger Envelopes remains but we are expecting bounce from support of H4 chart.

    Expectation: decrease to 1.3807 and then rise to 1.3927

    Trading decisions:

    1. sell to 1.3810

    2. buy from 1.3807 to 1.3927

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