Premarket view on the euro. Analysis of Friday's close
07 December 2015, EUR/USD
The daily chart: broken upper Bollinger envelope, therefore a roll back to the middle band (1.0730) is possible, which can enable a further rise to 1.1106
Н4: upward potential move to 1.1013 (Upper Bollinger Band)
Н1: before closing the pair went into the flat -.1.0948 1.0844 range and a 100-points' distance may be enough for Monday.
Expectations: The main scenario - flat 1.0844-1.0944. The alternative scenario - growth to 1.1013.
Trading solutions: purchase is preferable. Purchases from the zone of 1.0844 to 1.0944 and possibly to 1.1013
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us