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Buy from 1.0977

11 August 2015, EUR/USD

Daily chart: the upper Bollinger band is almost ready to be broken (1.1084), where we can see a strong resistance.

Buy from 1.0977

Н4: the upper Bollinger envelope is broken, so we wait for the pullback to the middle Bollinger band (1.0933), from where bulls may come to 1.1084.

Buy from 1.0977

Н1: More local support 1.0977

Buy from 1.0977

Expectations : pullback down to 1.0977 т and then growth to 1.1084.

Trading solutions:

1) Buys from 1.0977 to 1.1084

Aleksey Panasenko
FreshForex Analyst
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