FreshForex - Analytics


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    Local bearish trend

    Daily chart: pair is lead to bottom Bollinger line (109.50) in medium-term

    Н4: local support is on 112.59 (middle Bollinger line), this level could throw pair to the direction of upper Bollinger line (114.17)

    Н1: support is on 112.59, resistance is 113.43. ADX is active, so down break throw is possible.

    Expectation: decrease to 112.59 level and then probably it would be break throw of this support and further decreasing.

    Trading decisions: sell to 112.59 and 112.00

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