manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Premarket view on the euro

31 August 2015, EUR/USD

The daily chart: markets anticipate gap against the background of release of the fundamental data received over the weekend. However, let's evaluate the technical closure in different frames of the last week and possible development of the situation.

So, technically downward correction is about to finish: the middle Bollinger band (1.1130) has been almost reached. If bulls manage to hold potential, they will attempt to reach the upper band (1.1510) from this area.

Premarket view on the euro

Н4: also confirm presence of support in the area of ​​1.1130.

Premarket view on the euro

Н1: bullish convergence oscillator - is also a bullish argument. You can try to buy from 1.1130-1.1164. First - to 1.1315 (Upper Bollinger Band), and, if you prefer middle-term objectives, you can stay up to 1.1510.

Premarket view on the euro

Expectations: So, we wait for touch of zone 1.1130-1.1164 and then spike upwards to 1.1315, with an eye on 1.1510.

solutions: 1) Buying from the zone 1.1130-1.1164 to 1.1315 and 1.1510.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .