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We are expecting growth to 1.1323

17 February 2016, EUR/USD

Daily chart: bulls are aimed on growth up to upper Bollinger line (1.1386)

We are expecting growth to 1.1323

Н4: there are two strong resistances - 1.1203 and 1.1323 (middle and upper Bollinger line). According to this we can see the bearish O&U.

We are expecting growth to 1.1323

Н1: Northern local potential is being accumulated here. After breakthrough of the upper envelope we will buy EUR from the middle Bollinger line on a pullback to (1.1153)

We are expecting growth to 1.1323

Expectation: rising to 1.1203, then decrease to 1.1153 and growth to 1.1323

Trading decisions: buy in area from 1.1153 to 1.12332

Aleksey Panasenko
FreshForex Analyst
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