Possivle support around 1.10, and a growth towards 1.11 | 29 July 2015
29 July 2015, EUR/USD
Daily chart: clamping between the range of Bollinger Bands (1.0825-1.1190)
.png "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.
.png "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
.png "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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
