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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
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