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Bullish support levels

Bullish support levels | 28 February 2017

28 February 2017, EUR/USD

Daily chart: there is a valid scenario of flat within lower Bollinger envelope range (1.0492-1.0661). It seems that this tendency will continue.

Bullish support levels

Н4: more localized flat corridor is at 1.0518-1.0619 (Bollinger bands range). Growing ADX along with upward moving chart may give certain advantages to buyers.

Bullish support levels

Н1: more localized support level is in lower Bollinger band region (1.0550). Resistance region is 1.0615-1.0619 (upper Bollinger band). It's worth to mention a bullish inside bar from middle Bollinger band (1.0583). It can cause another upward shift from current levels.

Bullish support levels

Expectations:

Core scenario - flat within 1.0550-1.0619

Alternative scenario - rise from 1.0583 to 1.0619 with possible attempt of further upward breakout towards 1.07

Trading solutions: consider buying in 1.0550 region towards 1.0619

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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