The Bollinger Bands is becoming squeezed which refers that the market will break out from one sight. The market view is currently fully in favor of bearish traders. To the sellers the entry point is at 1.0969 and the closing point is at 1.0928.
No less important is understanding how to profitably use the platform offered by your forex broker in forex trading. Use the available free simulated environments to practice both basic and advanced strategies and methods to learn forex trading. If your forex broker provides learning academy and demo account also like FXdirects. While this demo accounts do not accurately reflect the vagaries introduced by order execution, they do represent the best available means to test your strategy and execution.
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