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The euro is aimed at 1.1386

The euro is aimed at 1.1386 | 21 August 2015

21 August 2015, EUR/USD

The daily chart the euro is oriented towards bearish O & U - 1.1386, but first a pullback is very likely to happen to the middle zone of Bollinger band (1.1035).

The euro is aimed at

Н4: more localized support for upward movement - 1.1102 (middle Bollinger Band).

The euro is aimed at

Н1: and even more localized support - 1.1171.

The euro is aimed at

Expectations: So, we wait for a rollback to the area of ​​1.1171, and then finalization of 1.1386, where, presumably, the euro will resume to sink down in the medium term.

solutions:

1) Buy from 1.1171 to 1.1380.

2) Waiting with Sell Limit orders from 1.1386.

Aleksey Panasenko
FreshForex Analyst
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