Premarket review on the euro. Analysis of Friday's close | 05 اكتوبر 2015
05 اكتوبر 2015, EUR/USD
The daily chart: despite Friday's volatility, the price has fully preserved a horizontal flat channel 1.1084-1.1372
.png "Premarket review on the euro. Analysis of Friday's close")
Н4: more localized range 1.1132-1.1281
.png "Premarket review on the euro. Analysis of Friday's close")
Н1: the situation is not obvious, as there is the inside bar on the middle Bollinger band (1.1208). Equiprobably price can go as far to the upper band (1.1281) and the bottom (1.1150)
.png "Premarket review on the euro. Analysis of Friday's close")
Expectations: if support of 1.1208 sustains - Growth to 1.1281, with the price getting under 1.1208 - decline to 1.1150.
solutions: 1) Limit Buy orders in the area 1.1135-1.1150. 2) If support 1.1208 is confirmed - you can try to buy to 1.1281 3) Upon growth we can consider sales to 1.1281 to 1.1200 and 1.1150
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.
