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The euro is aimed at 1.1386

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.


1) Buy from 1.1171 to 1.1380.

2) Waiting with Sell Limit orders from 1.1386.

Aleksey Panasenko
Analyst of «FreshForex» company
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