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Forecast for the euro on Monday

Forecast for the euro on Monday | 17 August 2015

17 August 2015, EUR/USD

The daily chart:the second inside bar in succession will almost certainly lead to a new decline in the area of ​​the bottom Bollinger band - 1.0825 (in the middle term). Although expansion of the envelope suggests the possibility of another test of the area area 1.1216

Forecast for the euro on Monday

Н4: strong support near the bottom Bollinger band (1.1023), where you can expect a rebound in the area of the middle band (1.1113).

Forecast for the euro on Monday

Н1: ADX is not so active, so support 1.11area can provide the local demand for the euro to raise quotes to 1.1170 zone.

Forecast for the euro on Monday

Expectations: So, we wait for growth to 1.1170 and decline towards 1.1023.

solutions:

1) Buy from 1.1170 to 1.1023.

Aleksey Panasenko
FreshForex Analyst
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