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Yesterday's recommendation coincides with the quotation returned to the level of 1.1650, where it is formed by a small pullback for regrouping forces and then increased short positions, being fix below. Why? In the previous reviews, I already wrote that much at the European currency. And in fact, applications for the extension of the QE program, quantitative easing, migration, indecisiveness with Brexit, duties and their decisions are pushing investors to shift funds to a more stable harbor. In this case, it is the American dollar.
I am inclined to the fact that we will see a further decline, to which everything was conducted. Probably, we will gradually move to the range level of 1.1550 (1.1510 / 1.1550), wherein recently, the quotation is faced with support and in the overheated state were corrected. Let us not consider positions for purchase at the current time.
Indicator analysis
Analyzing the different sector of timeframes (TF), we see that in the short, intraday and medium term there is a downward interest, which confirms all of the above.
Weekly volatility / Volatility measurement: Month; Quarter; Year
The measurement of volatility reflects the average daily fluctuation with the calculation for the Month / Quarter / Year.
(June 26 - it was recorded in the account of the publication date of the article)
The volatility of the current day will tend to an average daily value of 76.53 points, possibly exceeding it.
Key Levels
Resistance zones: 1,1650 *; 1,1720 *; 1.1850; 1,2100
Support zones: 1,1550 ** (1,1510 / 1,1550); 1.1440; 1,1300 **
* Periodic level
** Range level
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