Log in

Goal for the Euro - 1.0542

17 November 2015, EUR/USD

Daily chart: for the euro obvious target is the bottom Bollinger band (1.0542)

Н4: significant local support zone of 1.0670 (bottom Bollinger band). ADX paramaters are inactive, so probability of the flat will be still here.

Н1: the support zone 1.0670 will be under a heavy load, but break down can occur as it usually happens with bottom envelopes - through a roll back to the zone of the middle Bollinger band (1.0714), which is the best possible area for medium-term sales.

Expectations: The main scenario - a breakthrough under 1.0670, then pullback to 1.0714, and then beginning of the fall to 1.0542. The alternative scenario - a direct fall to 1.0542

solutions: sale from 1.07-1.0718 zone to the 1.0542

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.