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

Buy from 1.1031 to 1.11

28 July 2016, EUR/USD

Daily chart: ADX is weak, but growing. The pair shows a desire to go to the upper envelope, and today's goal is the upper Bollinger band (1.1157)

Н4: the fourth bar outside the envelope - it is the time of correction. Support is at 1.1002 (middle Bollinger band plus round level). A direct surge to 1.1157 and a preliminary rollback to 1.1002 are equally probable (see the red arrow)

Н1: just a little better shaped support - 1.1031 (middle Bollinger band), resistance - 1.1097 (upper band)

Expectations: decline towards 1.1031 and then rise to the 1.1097

Solutions: purchase from 1.1031 to 1.1097

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.