manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

In short-term run, markets believe in Euro

30 June 2015, EUR/USD

Daily chart: a very strong bounce from the bottom Bollinger band (1.1043). At current price, Euro continues to be in demand.

We also remember about zone 1.1391, where we have a potentially strong offer on sale under the pattern O&U.

In short-term run, markets believe in Euro

Н4: Bollinger envelopes are strictly horizontal ensuring support by the bottom and (1.1060) resistance at the upper (1.1285) bands.

In short-term run, markets believe in Euro

Н1: the same picture, but levels of support/ resistance are shaped better - 1.1094-1.1274.

In short-term run, markets believe in Euro

Expectations: Euro tends to grow to 1.1274, but you can buy only if it drops to 1.1094.

Trading decisions:

1) Buying from 1.1094 in case of decline to this area. Target - 1.1274 (and 1.1391 in the middle-term run).

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .