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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
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