Two Buying Areas | 25 سبتمبر 2015
25 سبتمبر 2015, EUR/USD
The daily chart: consolidation continues within the Bollinger envelopes (1.1080-1.1388) and, apparently, resolution of the situtaion is coming for the next week.
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Н4: a narrower flat range of 1.1093-1.1267. We expect touch of the bottom Bollinger band (1.1093) and rebound.
.png "Two Buying Areas")
Н1: horizontal envelopes may indicate sufficient support in the area of 1.1155. Resistance - 1.1267.
.png "Two Buying Areas")
Expectations:
The main scenario - flat 1.1155-1.1267. The alternative one - decline to 1.1093 and then rebound in the area of 1.1217
solutions: consider buying in the areas of 1.1155 and 1.1093. To open transactions, we need confirming signals.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
