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Looking to buying around 1.0975

07 March 2016, EUR/USD

Daily chart: pair is nearly to approach resistance from middle Bollinger line (1.1085), from this level down bounce is possible.

Looking to buying around 1.0975

Н4: envelope expansion is against weak ADX, so we don't know if 1.1085 level will be reached .

Looking to buying around 1.0975

Н1: locally pair is in the range of upper envelope (1.0975-1.1028)

Looking to buying around 1.0975

Expectation: decrease to 1.0975 and then rise to 1.1028 level

Trading decisions: buy from 1.0975 to 1.1028

Aleksey Panasenko
FreshForex Analyst
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