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Premarket review on the euro. Analysis of Friday's close

28 September 2015, EUR/USD

The daily chart: the lower Bollinger band revealed a clear demand in euro by the pinbar, therefore, after a rollback to the area of ​​50% of the pin, we can expect beginning of growth to the upper band (1.1388)

Premarket review on the euro. Analysis of Friday's close

Н4: horizontal Bollinger envelopes promise resistance to be at the upper band (1.1253) and support at the lower band (1.1093)

Premarket review on the euro. Analysis of Friday's close

Н1: inactive ADX, plus the inside bar on the upper Bollinger band, may mean a willingness of the price for a decline to 1.1138 (the lower band)

Premarket review on the euro. Analysis of Friday's close

Expectations: drop from current levels to 1.1138, where we can consider buying towards 1.1388

solutions: 1) We sell after market opening to 1.1138. 2) In the area of ​​1.1138 buy with the target 1.1388 (extraday)

Aleksey Panasenko
Analyst of «FreshForex» company
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