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

Premarket review on the euro. Analysis of Friday's close | 05 October 2015

05 October 2015, EUR/USD

The daily chart: despite Friday's volatility, the price has fully preserved a horizontal flat channel 1.1084-1.1372

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

Н4: more localized range 1.1132-1.1281

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

Н1: the situation is not obvious, as there is the inside bar on the middle Bollinger band (1.1208). Equiprobably price can go as far to the upper band (1.1281) and the bottom (1.1150)

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

Expectations: if support of 1.1208 sustains - Growth to 1.1281, with the price getting under 1.1208 - decline to 1.1150.

solutions: 1) Limit Buy orders in the area 1.1135-1.1150. 2) If support 1.1208 is confirmed - you can try to buy to 1.1281 3) Upon growth we can consider sales to 1.1281 to 1.1200 and 1.1150

Aleksey Panasenko
FreshForex Analyst
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