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Growth to 1.1380 is possible

07 October 2015, EUR/USD

The daily chart: a continued flat within the horizontal range of Bollinger envelopes (1.1113-1.1380)

Growth to 1.1380 is possible

Н4: an apparent northern acceleration of the pair with almost activeADX. This may indicate readiness to penetrate resistance 1.1286 and rising of the euro to 1.138

Growth to 1.1380 is possible

Н1: active trend ADX, but there is some overboughtness, therefore trading in the upper envelope (1.1225-1.1294)possible before the upward impulse.

Growth to 1.1380 is possible

Expectations: Growth to 1.1380 is possible. Before that, a oullback to 1.1225 is possible


1) Buy to 1.1380. The best possible entry point 1.1225

Aleksey Panasenko
Analyst of «FreshForex» company
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