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Expected trading range - 1.1290-1.1363

15 September 2015, EUR/USD

The daily chart: on the one hand the euro has preserved potential for growth to the upper Bollinger band (1.1517), on the other hand, - weak ADX can make the pair correct to the middle Bollinger band(1.1279). On correction you will have opportunities for new entrances in purchases.

Expected trading range - 1.1290-1.1363

Н4: the pair is in the top envelope with weak ADX, so it is unlikely that today we will see it beyond this range (1.1279-1.1396)

Expected trading range - 1.1290-1.1363

Н1: so, we have both flat status of ADX and horizontal envelopes. This enhances support at the lower band (1.1290) and resistance at the top (1.1363).

Expected trading range - 1.1290-1.1363

Expectations: So, the pair is preparing for a new cast to the North, but today's trading may not be intense. Most likely, we will see correction to 1.1290 and then rebound to 1.1363.

Trade solutions:

1) purchases from 1.1290 to 1.1363 (either in the medium run to 1.1517 and 1.1750).

Aleksey Panasenko
Analyst of «FreshForex» company
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