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Buying at 1.1274

18 April 2016, EUR/USD

Daily chart: As we can see, bulls have the opportunity to test the upper Bollinger band (1.1466), but growth takes place whereas we see divergence of the oscillator. At any moment, the price can take a turn down. Local support is at 1.1142 (the bottom Bollinger band).

Buying at 1.1274

Н4: the pair is in the bottom Bollinger envelope (the range 1.1202-1.1302).

Buying at 1.1274

Н1: locally support is higher - at 1.1274 (the middle Bollinger band). Since eariler the upper envelope was broken and ADX is active, we can assume that the euro will start to grow after the touch of zone 1.1274.

Buying at 1.1274

Expectations: The main scenario - touch of 1.1274 and start of the upward movement to 1.1345

The alternative scenario - growth from current levels of

Trading solutions: buy in the case of touch 1.1274 to 1.1345

Aleksey Panasenko
FreshForex Analyst
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