Flat 1.0963 -1.1006

July 24, 2015

EUR/USD

Daily chart: the middle Bollinger band (1.1026) has been reached and, in contrast to descending envelopes and passive ADX, we can expect decline to the bottom band (1.0784) prior to a new upward dash.

Í4: Local support is on 1.0933. As we see, one more test of 1.1026 is possible. But ADX is not corrected, so we are waiting for a downward bounce.

Í1: intraday Flat 1.0963-1.1006.

Expectations: Flat 1.0963-1.1006.

Trading decisions: Sales from the area 1.1006 to 1.0963

Publication source
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