manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

Possivle support around ​​1.10, and a ​​growth towards 1.11

29 July 2015, EUR/USD

Daily chart: clamping between the range of Bollinger Bands (1.0825-1.1190)

Possivle support around ​​1.10, and a  ​​growth towards 1.11

Н4: right now the euro is on important support from the middle Bollinger Band (1.1034), from where bulls can theoretically find potential to modify O&U (1.1110), where the price is about to drop to 1.0929 and then to 1.0825, where is located bullish O&U.

Possivle support around ​​1.10, and a  ​​growth towards 1.11

Н1: here we see a detailized bearish O&U of 1.1110, but here is a strong resistance at 1.1085 (the upper Bollinger Band). Therefore, a scenario marked by a red path is rather strategic than the intraday

Possivle support around ​​1.10, and a  ​​growth towards 1.11

Expectations: So, we wait for support in the 1.0996-1.1020 area, from where bulls will work on the pair to bring it to 1.1085 and possibly to 1.1110

Trading solutions:

1) When Long signals occur in the area of ​​1.10, we shall buy to 1.1100.

2) We shall sell in the medium-term run (to 1.0929 and 1.0825) from the area of ​​1.1110.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .