Log in

Key resistance level of 1.0849

01 February 2016, EUR/USD

Day chart: There is still a sideways trend of 1.0775-1.0963 levels.

Key resistance level of 1.0849

H4: strong support level in lower Bollinger band (1.0816) can move this pair down to 1.0948 level. (upper band, see black arrow). As an alternative – sideways trend (red arrow).

Key resistance level of 1.0849

H1: now euro is at 1.0849 resistance level (middle Bollinger band). If this level is broken, then there will be a movement towards 1.0905 (upper band, black arrow). Equiprobably the price can roll back down towards 1.0816.

Key resistance level of 1.0849

Expectations: The main scenario - growth to 1.0905 Alternative scenario – decline to 1.0816 Trading solutions: 1) Buy to 1.0905 2) Sell to 1.0816, but it’s risky.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.