Reversal maneuvers continue
26 November 2015, EUR/USD
Daily chart: on the background of the long-term bullish convergence, yesterday bears were probing new lows again, but without showing a consistent ability to close on low levels. Everything says about a coming reversal of the euro upwards. As you can see, the bottom Bollinger band is still subject to new breaks down (1.0514), from where a splash to the middle band (1.0776) can take place.
Н4: Similar picture - new attempts to break down on the background of converging oscillator. Levels of support\resistance - 1.0593\1.0683
Н1: also convergence. Range is the same as on the H4.
Expectations: So, we wait for breaks of zone 1.0593 and move up to 1.0683, with preparation of growth to 1.0776 (extraday). Trading solutions: buy in the area of 1.0593 to 1.0683.
Aleksey PanasenkoAnalyst of «FreshForex» company
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