Euro. The bulls could bring price to 1.1248 | 02 November 2016

02 November 2016, EUR/USD

Daily chart: the pair has achieved the upper Bollinger envelope, and now the bulls have all chances to go to upper band (1.1248), which, in turn, price could once again return to the middle band (1.1011)

02112016e1

H4: a very aggressive ADX indicates full readiness of traders to the exploits and, accordingly, an increase to 1.1248. This oscillator shows that the pair slightly overbought, which opens the possibility for correction.

02112016e2

H1: there is a local support level of 1.1011 (middle Bollinger band).

02112016e3

Expectations:So, in general, we are waiting for growth toward 1.1248, but some rollback is possible in the area of 1.1011.

Trading solutions: looking for entries in the 1.1011 zone to 1.1248.

Aleksey Panasenko
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus