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Looking for short signals from resistance 1.1140 or 1.1224

28 July 2015, EUR/USD

Daily chart: the Euro preserves a growing tendency and continues to rise to the upper Bollinger band (1.1224), which, given the state of ADX, is likely to be corrected downwards to the middle band (1.10)

Looking for short signals from resistance 1.1140 or 1.1224.

Н4: bullish dynamics is preserved, but both overview indicators are close to overboughtness area, so we confirm an expected bounce from 1.1224.

Looking for short signals from resistance 1.1140 or 1.1224.

Н1: here we have a much more localized resistance - 1.1140.

Looking for short signals from resistance 1.1140 or 1.1224.

Expectations: 1) .Rising to 1.1140 and rolling back down to 1.1072. 2) Rising to 1.1224 and rolling back down to wards 1.10

Trading solutions:

1) Keep Buy trades open to 1.1140

2) Looking for short signals from resistance 1.1140 or 1.1224.

Aleksey Panasenko
FreshForex Analyst
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