We are looking for a buy signal
23 December 2015, EUR/USD
Daily chart: Bollinger envelopes are still directed to the north. In general, we expect growth towards 1.1129 (Upper Bollinger Band), but due to weak ADX, we can assume that the scenario will be much stretched in time.
Н4: local-level support/resistance - 1.0881/1.0980 (the middle\Upper Bollinger bands).
Н1: two more localized support levels - 1.0943 and 1.0904. From one of them we can expect upward movement to 1.0982.
Expectations: So, at the levels of 1.0943 and 1.0904 we shall monitor signals of growth and buy to 1.0982 and 1.1129 (in the medium-term).
Trading solutions: if we have long signals in these areas, we shall buy 1.0982 and 1.1129
Aleksey PanasenkoAnalyst of «FreshForex» company
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