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We shall buy around 1.1304

19 June 2015, EUR/USD

Daily chart: the pair is based in the middle of the range of the upper envelope. At the same time, we have both a correctional dynamics of the middle Bollinger band(1.1159) and ascending potential to the upper band (1.1487). Looking for options to sell.

We shall buy around1.1304

Н4: support is 1.1304 (the middle Bollinger band), resistance - 1.1416.

We shall buy around 1.1304

Н1: Pressure to 1.1304 is confirmed. Local support - 1.1378 (the middle Bollinger band)

We shall buy around 1.1304

Expectations: decline to 1.1304 and bounce to 1.1378 and probably to 1.1416.

Trading decisions:

1) Shall buy from 1.1304 to 1.1378, 1.1416 and 1.1487 (in the middle run).

Aleksey Panasenko
FreshForex Analyst
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