Another day of increasing pressure | 03 Maret 2017

03 Maret 2017, EUR/USD

Daily chart: ADX is growing and trending, so bears may at any moment try to attack lower Bollinger envelope border (1.0470) aiming at 1.0352. The pair is not likely to go up because of the downward trend.

Another day of increasing pressure

Н4: here we see increasing pressure on lower Bollinger envelope (1.0488-1.0550). This corridor is likely to retain during this day.

Another day of increasing pressure

Н1: we are observing here more localized 30-pip flat corridor 1.0500-1.0530 (Bollinger envelopes range). ADX is falling which encourages calm trading.

Another day of increasing pressure

Expectations:

Core scenario - flat within 1.0500-1.0530

Alternative scenario - drop to 1.0488 region or lower.

Solutions: consider entering only down, so look for trading signals by every shift to the upside.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
Analis perusahaan "FreshForex"
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