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A very difficult resistance zone 1.1150-1.1178

A very difficult resistance zone 1.1150-1.1178 | 20 August 2015

20 August 2015, EUR/USD

The daily chart: EUR is actively moving towards 1.1178 (Upper Bollinger Band), but growth is in contrast to weak ADX, therefore, a downward bounce is likely.

A very difficult resistance zone 1.1150-1.1178

Н4: a more localized resistance at 1.1150 (Bollinger upper line ). Aggressive breakdown of the inside bar favors bulls.

Support is located at 1.1018

A very difficult resistance zone 1.1150-1.1178

Н1: a high overboughtness also says that buyers will have difficulties in the area of ​​resistance 1.1150-1.1178. Support Area - 1.1068-1.1078.

A very difficult resistance zone 1.1150-1.1178

Expectations: touching zone 1.1150-1.1178 and then decline to 1.1168-1.1178.

solutions:

1) Sales from 1.1150-1.1178 to 1.1078.

Aleksey Panasenko
FreshForex Analyst
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