EURUSD – UpDaily chart: 1.1400 – 1.1417 area remains unfinished, but there are the first signs of weakening of bullish movement: ADX/RSI is very close to become heavily overbought Н4: a better shaped resistance 1.1378 (upper Bollinger band), support is at 1.1283 (the middle band) Н1: ADX contradicts RSI, which is also a signs of weakening of bullish movement: Zone 1.1362 – 1.1378 may be not passed by them today. Local support is at 1.1334 and 1.1308 (middle and bottom Bollinger bands) The main scenario – touch of zone 1.1362 – 1.1378 and then correction towards 1.1308 The alternative scenario – surge to 1.1417 and then turn down Solutions: purchases are unsafe, so keep an eye on short signals around 1.1362 – 1.1378 and 1.1417
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.