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Get ready to buy from 1.1190

23 June 2015, EUR/USD

Daily chart: our yesterday's scenario is justifying itself - it implied correction to the middle Bollinger band (1.1190), whereupon the price is likely to grow to 1.1508.

Get ready to buy from 1.1190

Н4: Downward setup has not been reached finally (breakthrough of the bottom Bollinger envelope). So we confirm decline to 1.1190. This decline can be used if the market gives a pullback to the middle line (1.1345).

Get ready to buy from 1.1190

Н1: support 1.1206. Resistance 1.1328.

Get ready to buy from 1.1190

Expectations: so, there will be decline to 1.1190-1.1206, from where we shall buy expecting growth to 1.1508. We can sell to 1.1206 in case of a preliminary pullback to 1.1328.

Trading decisions:

1) Sell to 1.1190-1.1206 (ideally from 1.1328)

2) Buy from 1.1190 in the middle run to 1.1508.

Aleksey Panasenko
FreshForex Analyst
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