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Premarket view on EUR. Analysis of Friday closing

Premarket view on EUR. Analysis of Friday closing | 14 March 2016

14 March 2016, EUR/USD

Daily chart: ADX hasn’t shown trend activity on strong news growth, so we are waiting for rising signal to the resistance level 1.1290 (upper Bollinger line). After rising this zone it is possible to sell.

Premarket view on EUR. Analysis of Friday closing.

Н4: pair is in the middle of range of upper envelope (1.1048-1.1222). It is the most inconvenient level for open deal. We should waiting decrease correction to 1.1048 level (for buying) or miss growth and wait for sells in to 1.1222 and 1.1290 zone.

Premarket view on EUR. Analysis of Friday closing

Н1: it is flat local horizontal corridor 1.1089-1.1204.

Premarket view on EUR. Analysis of Friday closing

Expectation: flat 1.1089-1.1204

Trading decisions:

1. buy from 1.1089 to 1.1204

2. sell in zone 1.1222 or 1.1290 (if short signals on Н1-chart would be formed).

Aleksey Panasenko
FreshForex Analyst
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