EURUSD – UpDaily chart: Bollinger envelopes are narrowing around the support zone 1.0966, indicating a possibly coming impulse distribution. ADX is growing, but has not reached the trendline area yet. Therefore, taking into account the overall bearish direction, it is better to wait for sales opportunities at the middle Bollinger band (1.1056) Н4: a better shaped range – 1.0966-1.1007. The oscillator has signs of bullish convergence that also gives buyers the opportunity to get the price corrected. Н1: in the intraday scale, the price is gripped inside the bottom envelope – 1.0939-1.10981 Expectations: now, we are waiting for decline towards 1.0939 followed by surge to 1.0981 Solutions: purchase from 1.0939 to 1.0981
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
