FreshForex - Analytics

    FreshForex

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    Consider Selling to 1.2417

    Daily chart: yesterday bulls managed to break inside bar. However, ADX does not support bullish ambitions, so we may expect downside rollback. Now we have flat market, so the pair may go any direction.

    Consider Selling to 1.2417

    Н4: there is flat within Bollinger envelopes range (1.2365-1.2504). If resistanсe level at 1.2504 won't be broken, we may see 100-pip drop.

    Consider Selling to 1.2417

    Н1: here support levels are at 1.2469 and 1.2417 (middle and lower Bollinger band). Downside correction may reach any of these supports.

    Consider Selling to 1.2417

    Expectations: drop to 1.2469 or to 1.2417

    Trading signals: consider selling to 1.2417

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