Goal for the Euro - 1.0542 | 17 نوفمبر 2015

17 نوفمبر 2015, EUR/USD

Daily chart: for the euro obvious target is the bottom Bollinger band (1.0542)

Н4: significant local support zone of 1.0670 (bottom Bollinger band). ADX paramaters are inactive, so probability of the flat will be still here.

Н1: the support zone 1.0670 will be under a heavy load, but break down can occur as it usually happens with bottom envelopes - through a roll back to the zone of the middle Bollinger band (1.0714), which is the best possible area for medium-term sales.

Expectations: The main scenario - a breakthrough under 1.0670, then pullback to 1.0714, and then beginning of the fall to 1.0542. The alternative scenario - a direct fall to 1.0542

solutions: sale from 1.07-1.0718 zone to the 1.0542


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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