High probability of the upward rollback

18 November 2015, EUR/USD

Daily chart: Euro is still determined for the medium-term decline towards 1.0521 (the bottom Bollinger band).

Н4: signs of bullish convergence. This could trigger an upward rollback from the area 1.0614 (the bottom Bollinger band) to 1.0713 (the middle band).

Н1: convergence of the oscillator presents here as well. You have to be very careful with sales. It is safer to skip the emerging upward roll back.

Expectations: touch of 1.0614-1.0634 support zone and rebound towards 1.0713

solutions: If we have long-signals around 1.0614-1.0634, you can try buying on correction to 1.0713. However, for conservative traders it will be easier to just wait for the upward rollback to look for downward signals.

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Log in
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 .
manager photo manager photo
We will be pleased to answer any questions you may have



Get bonus