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Meeting resistance at 1.1264

Meeting resistance at 1.1264 | 29 September 2015

29 September 2015, EUR/USD

The daily chart: Yesterday bulls began actively practicing pin from the bottom Bollinger band, but ADX does not support this impulse, so there is a high probability that the pair will go into flat.

Meeting resistance at 1.1264

Н4: we also see a frankly bullish momentum, but again total passivity of the ADX. So expect rebound from the resistance (1.1264, the upper Bollinger band).

Meeting resistance at 1.1264

Н1: local support at the middle Bollinger band (1.1201)

Meeting resistance at 1.1264

Expectations: So, we wait for touch of 1.1264 and decline to 1.1201.

solutions: 1) We sell from 1.1264 to 1.1201

Aleksey Panasenko
FreshForex Analyst
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