Probably, the euro will turn up

24 November 2015, EUR/USD

Daily chart: continue to monitor development of bullish convergence of oscillator. There is still much space for decline (for example, to the bottom Bollinger band), but the upward reversal is about to happen (at least - as a substantial correction). The first goal can be up the middle Bollinger band (1.0814)

Probably, the euro will turn up

Н4: also note the convergence of RSI. Resistance is more localized - 1.0745 (the upper Bollinger Band).

Probably, the euro will turn up

Н1: also converging oscillator. Such unanimity of three timeframes can not cheat. The pair tried bottom (1.06), so we are waiting for a reversal. Local resistance 1.0645, 1.0668.

Probably, the euro will turn up

Expectations: So, with a high probability we are waiting for the upward reversal towards 1.0745.

Solutions: to purchase to 1.0745

Aleksey Panasenko
FreshForex Analyst
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