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Sell from 1.0989 and buy from 1.0895

27 May 2015, EUR/USD

Daily chart: Meanwhile the price exactly follows our plan: bears tested the bottom Bollinger band and now there is everything to move to start area based on the pattern Over&Under (1.1390)

Sell from 1.0989 and buy from 1.0895

Н4: There is a probability of one more return downwards to the bottom Bollinger band (1.0806). Should it happen this way, that will give a very promising point for purchases.

Sell from 1.0989 and buy from 1.0895

Н1: So, we are waiting when 1.0989 is touched (which will ensure breakthrough of the bottom envelope), and then return to the area of the middle band (1.0895) and start of growth to 1.1077.

Sell from 1.0989 and buy from 1.0895

Expectations: Touch of 1.0989, return to 1.0895 and start of growth to 1.1077

Trading decisions:

1) Sales from 1.0989 and 1.0895

2) Purchases from 1.0895 to 1.1077.

Aleksey Panasenko
FreshForex Analyst
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