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1.0986 is the target

07 August 2015, EUR/USD

Day chart: we've got a continued flat of the pair, now in the zone of middle Bollinger band (1.10). We are still waiting for finalization of the "bottom" in the area of ​​1.0825, where bullish O & U is waiting for its turn .

1.0986 is the target

Н4: a strong resistance in the zone of 1.0986 (Upper Bollinger band) can reject the euro down in the zone 1.0848 and possibly by pin and 1.0825.

target 1.0986

Н1: bullish mood. Support is at 1.0911 zone (middle Bollinger band), the resistance is 1.0986.

1.0986 is the target

expectations: growth to 1.0986 and pullback to 1.0911.

solutions:

1) Buy from 1.0911 to 1.0986

2) Selling from 1.0986 to 1.0911

Aleksey Panasenko
FreshForex Analyst
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