Duality of support 1.1347 | 14 اكتوبر 2015

14 اكتوبر 2015, EUR/USD

The daily chart: very active ADX around the upper Bollinger band, which may lead to further upward trend movement in the direction of 1.15. However, still there is a possibility that this pressure can be correlated with the bearish movement.

Н4: локализованные уровни поддержки (1.1347) и сопротивления (1.1431)

Н1: we also see here duality of the scenarios as the pair has a trending pressure of ADX in the middle Bollinger band (key support). Diagnostic support will now be the bottom Bollinger band (1.1347 ). After breakdown of this level bears will have a full control of the situation. In the meantime, we have to start from the northern expectations (up to 1.1400 and 1.15)

Expectations: 1) If the euro gets above 1.1347 - waiting for growth to 1.1431 2) If the euro gets below 1.1347 - waiting for drop to 1.1261

solutions: 1) Sales aimed at breakdown of support 1.1347 to target 1.1261 2) Buy when you have signals above 1.1347 to 1.1431


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.
Aleksey Panasenko
محلل شركة FreshForex
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