10th figure may be attacked | 29 May 2015
29 May 2015, EUR/USD
Daily chart: Envelopes are stable, so the tendency is expected providing a roll to the upper side to 1.1390. As of today, a terminate target is the middle Bollinger band (1.1160)
.png "10th figure may be attacked")
Н4: We also note horizontal Bollinger bands, so today we may have a fight for a breakthrough above the upper band (1.0980)
.png "10th figure may be attacked")
Н1: We have a similar situation here, but bulls seem to start preparation for a breakthrough.
.png "10th figure may be attacked")
Expectations: So, the day will be marked by attacks of resistance 1.0980 in attempts to break into the 10tn figure.
Trading decisions:
1) Purchases on pullbacks in the area 1.0914-1.0950.
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.
