All three frames speak for a further decline of Euro

July 7, 2015

EUR/USD

Daily chart: a very strong pressure from ADX almost does not give any chances to bears. Euro is falling and will plan to fall further.

Í4: the bottom Bollinger envelope has been broken which is a strong signal for sales. Waiting the pair on the middle Bollinger band (1.1060) and sell at 1.07.

Í1: the same situation - the bottom envelope has been broken. the middle Bollinger band just under the point (1.1039).

Expectations: All three frames speak for a strong decline. We shall sell from the area 1.1039-1.1060 ê 1.07

Trading decision:

1) Sales from zone 1.1039-1.1060 to 1.07

Publication source
FreshForex information  FreshForex reviews

December 5, 2016
Gold prices struggled for a direction
MACD was in the negative territory. If MACD remains in the negative territory, sellers’ positions will strengthen. RSI was in a neutral area...
December 5, 2016
Mixed Jobs Report Keeps High Fed Expectations Intact
As we noted the day before Friday’s US jobs report, only a significantly worse-than-expected reading for November would have likely made the Federal Reserve’s next interest rate decision more difficult...
December 5, 2016
Euro down but not out as Italy votes no!
Politics are setting the tone for Monday trading with all eyes on Europe. While Austria presidential polls delivered a defeat to the far-right candidate Norbert Hofer...

OctaFX Rating
HYCM Rating
Z.com Trade Rating
FxPro Rating
Grand Capital Rating
FOREX.com Rating

24option Rating
Anyoption Rating
OptionsXO Rating
OptionFair Rating
OptionRally Rating
TopOption Rating