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Key support for Euro - 1.0843

17 July 2015, EUR/USD

Daily chart bears still press and now a new support level is 1.0843 (the bottom Bollinger band). Below we have a small downfall to the 5th figure.

Key support for Euro - 1.0843

Н4: resistance is on 1.0968 (the middle Bollinger band ). On the event a pullback to this area takes place, we can open sales.

Key support for Euro - 1.0843

Н1: a better shaped resistance on 1.0943

Key support for Euro - 1.0843

Expectations: so, waiting for a proof-test of the support 1.0843. You can sell on this movement if the price makes an upward roll to 1.0943.

Trading decisions

1) Sales from 1.0943 to 1.0843

Aleksey Panasenko
Analyst of «FreshForex» company
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