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We buy Euro to 1.1286

22 May 2015, EUR/USD

Daily chart: So, we are still expecting movement to 1.1390 as the area of supposed active movement on Euro which will knock the pair down to 1.0817. This is a middle-term scenario with an obvious outlook for the next week.

We buy Euro to 1.1286

Н4: resistance has been shaped on 1.1286 (the upper Bollinger band). It is by 60 points higher than yesterday which speaks for a general Norther determination..

We buy Euro to 1.1286

Н1: ADX is very active. We are looking for growth.

We buy Euro to 1.1286

Expectations: we are looking for growth to 1.1286 with the target on 1.1390.

Trading decisions:

1) We keep yesterday's purchase to 1.1286

2) We can buy from market to the target 1.1286

Aleksey Panasenko
FreshForex Analyst
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