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Wait for the correction down and then the growth to 1.1212

13 August 2015, EUR/USD

Daily chart: bulls were very active and broke the upper Bollinger envelope,so, we wait for the down entering to buy near the middle bond (1.0966), from where we may pass one more active northern spike to 1.1380, where the entering bearish points are within O&U. This is the medium-term scenario.

Wait for the correction down and then the growth to 1.1212

Н4: more localized middle Bollinger bond (1.1030).

Wait for the correction down and then the growth to 1.1212

Н1: we verify the support 1.1030. The intraday resistance - 1.1212.

Wait for the correction down and then the growth to 1.1212

Expectations: so, wait for the correction beginning to 1.1030, from where the Euro continues its growth to 1.1212 and to 1.1380 (middle-term)

Trading solutions:

1) Buys from 1.1030 to 1.1212.

Aleksey Panasenko
FreshForex Analyst
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