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

We should sell on surge to 1.12

05 August 2016, EUR/USD

Daily chart: the pair is aimed at the upper Bollinger band (1.1205), and the movement has no trend signs

Н4: around psychological resistance 1.12 we notice a bearish pattern Over&Under. You can put sell limit orders with a stop loss above the recent highs.

Н1: at this local level we see the bullish potential, which corresponds to expectation of growth to 1.1198 on H4 chart

Expectations: surge to 1.12 followed by an abrupt decline

Trading solutions:

1. Purchase to 1.12

2. Sales from 1.12. On Thursday the leading stock exchanges demonstrated a moderately positive dynamics, but bulls were unable to extract dividends from this trend on this pair. Investors ignore positive background only in one case, when there are strong sellers on the market.

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.