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Working levels - 1.1515 and 1.1660

25 August 2015, EUR/USD

The daily chart: an impressive breakthrough of bulls with the active ADX, but some natural overboughtness presents here. Therefore, downward correction is possible , where you can buy euros again in the direction of the probable medium-term goal 1.20

Working levels - 1.1515 and 1.1660

Н4: it seems to be a good pinbar, but bulls over the next 4 hours showed that do not mind testing another area 1.1660 (upper Bollinger band). However, support at the middle band (1.1317) is very attractive for a rollback

Working levels - 1.1515 and 1.1660

Н1: in the local terms of view, the pair is squezzed between the levels of 1.1515 and 1.1660

Working levels - 1.1515 and 1.1660

Expectations: So, we wait for the rollback down from 1.1660 and the rebound from 1.1515.

solutions: 1) Sales of 1.1660 to 1.1515.

2) Buying from 1.1515 to 1.1660.

Aleksey Panasenko
FreshForex Analyst
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