manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Duality of support 1.1347

14 October 2015, EUR/USD

The daily chart: very active ADX around the upper Bollinger band, which may lead to further upward trend movement in the direction of 1.15. However, still there is a possibility that this pressure can be correlated with the bearish movement.

Н4: локализованные уровни поддержки (1.1347) и сопротивления (1.1431)

Н1: we also see here duality of the scenarios as the pair has a trending pressure of ADX in the middle Bollinger band (key support). Diagnostic support will now be the bottom Bollinger band (1.1347 ). After breakdown of this level bears will have a full control of the situation. In the meantime, we have to start from the northern expectations (up to 1.1400 and 1.15)

Expectations: 1) If the euro gets above 1.1347 - waiting for growth to 1.1431 2) If the euro gets below 1.1347 - waiting for drop to 1.1261

solutions: 1) Sales aimed at breakdown of support 1.1347 to target 1.1261 2) Buy when you have signals above 1.1347 to 1.1431

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .