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Two Buying Areas

25 September 2015, EUR/USD

The daily chart: consolidation continues within the Bollinger envelopes (1.1080-1.1388) and, apparently, resolution of the situtaion is coming for the next week.

Two Buying Areas

Н4: a narrower flat range of 1.1093-1.1267. We expect touch of the bottom Bollinger band (1.1093) and rebound.

Two Buying Areas

Н1: horizontal envelopes may indicate sufficient support in the area of ​​1.1155. Resistance - 1.1267.

Two Buying Areas

Expectations:

The main scenario - flat 1.1155-1.1267. The alternative one - decline to 1.1093 and then rebound in the area of ​​1.1217

solutions: consider buying in the areas of 1.1155 and 1.1093. To open transactions, we need confirming signals.

Aleksey Panasenko
FreshForex Analyst
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