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We consider sales from 1.12

04 September 2015, EUR/USD

The daily chart: Euro has been brought to the lower envelope, so you can expect a gradual decline to the lower Bollinger band (1.0858). Resistance, on which you can find the entrance to a movement - is the middle Bollinger band (1.12)

We consider sales from 1.12

Н4: middle line within this frame - 1.1219. Local support - 1.11 (the lower band).

We consider sales from 1.12

Н1: lower current support - 1.1060.

We consider sales from 1.12

Expectations: So, we wait for touch of 1.1200-1.1219 area, where the price will begin to decline again to 1.11 and 1.0858 (medium-term).

solutions:

1) We consider sales from 1.12-1.1219 to 1.11 and 1.0858.

Aleksey Panasenko
FreshForex Analyst
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