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

Euro. Bulls have a chance to make a correction

24 October 2016, EUR/USD

Daily chart: the bearish momentum is stored as graphics, and extreme areas have two main viewpoint indicators (ADX/RSI). Lower Bollinger band is at 1.0858, which is not too impressive for new trades with the trend.


H4: we note the bullish convergence of the oscillator on the background of closed bullish bar. This may create a correction towards middle Bollinger band (1.0943).


H1: we see that the oscillator is not duplicated a new low of the price, so, in general we expect the upside reversal after the possible touching 1.0858.


Resistance is located at 1.0918 (upper Bollinger band).

Expectations: So, wait for a turn up to 1.0918 (and possibly to 1.0943) after touching 1.0858 zone.

Trading solutions: buy from 1.0858 to 1.0918 and 1.0943

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.