manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Looking for Long-signals for the euro around 1.1328-1.1354

04 April 2016, EUR/USD

Daily chart: ADX is very close to the trend value. Besides, it is growing as the price is rising. This is an expressed bullish signal. At the same time, we do not see goals, and reliable support for entry points with the smallest stop orders is very far (1.1154, the middle Bollinger band). So, we will look for opportunities on the younger charts.

Н4: local levels of support and resistance 1.1328/1.1446 (the middle/ upper Bollinger band). The pair is clearly overbought; oscillator has signs of divergence. Again, we have aan ambigious situation.

Н1: a horizontal flat zone 1.1354-1.1415.So, we look for buy signals around 1.1328-1.1354.

Expectations: fall to 1.1328-1.1354 and then break to 1.1415-1.1446

Trading solutions: buy around 1.1328-1.1354 if we signals on H1.

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.