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10th figure may be attacked

29 May 2015, EUR/USD

Daily chart: Envelopes are stable, so the tendency is expected providing a roll to the upper side to 1.1390. As of today, a terminate target is the middle Bollinger band (1.1160)

10th figure may be attacked

Н4: We also note horizontal Bollinger bands, so today we may have a fight for a breakthrough above the upper band (1.0980)

10th figure may be attacked

Н1: We have a similar situation here, but bulls seem to start preparation for a breakthrough.

10th figure may be attacked

Expectations: So, the day will be marked by attacks of resistance 1.0980 in attempts to break into the 10tn figure.

Trading decisions:

1) Purchases on pullbacks in the area 1.0914-1.0950.

Aleksey Panasenko
FreshForex Analyst
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