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Expecting breakdown of support 1.10

19 August 2015, EUR/USD

The daily chart: the price has almost reached the intermediate support from the middleполосы Bollinger band (1.1007). If it does not manage to hold bears, we will see a continuation of decline around the bottom band (1.0850), from where, with a high degree of confidence, we can wait for the medium-term growth to the upper band (1.1154).

Expecting breakdown of support 1.10

Н4: the support zone on 1.10 is under a huge load and is likely to be broken. ADX is very active.

Expecting breakdown of support 1.10

Н1:area of ​​possible entry into the sale - 1.1050 (middle Bollinger Band).

Expecting breakdown of support 1.10

Expectations: So, we wait when the price would fall to 1.0931 and 1.0850. Before that we can see a possible pullback to 1.1050, from where you can sell.


1) Sales from 1.1050 to 1.0850.

Aleksey Panasenko
Analyst of «FreshForex» company
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