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Possible demand in Euro – around 1.0882-1.0904

16 July 2015, EUR/USD

Possible demand in Euro – around 1.0882-1.0904

Daily chart: the bottom Bollinger band is even lower now and points out at 1.0882 .

Possible demand in Euro – around1.0882-1.0904

Н4: even better shaped support on 1.0904, where demand in euro may demand and bounce in the upward direction – of we take into account quite well expressed convergence of oscillator.

Possible demand in Euro – around 1.0882-1.0904

Н1: convergence also presents here.

Possible demand in Euro – around 1.0882-1.0904

Expectations:so, decline to 1.0882-1.0904 and bounce to 1.1036

Trading decisions:

1) Buying from 1.0882-1.0904 on additional signal. Target is 1.1036

Aleksey Panasenko
Analyst of «FreshForex» company
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