In short-term run, markets believe in Euro | 30 June 2015
30 June 2015, EUR/USD
Daily chart: a very strong bounce from the bottom Bollinger band (1.1043). At current price, Euro continues to be in demand.
We also remember about zone 1.1391, where we have a potentially strong offer on sale under the pattern O&U.
.png "In short-term run, markets believe in Euro")
Н4: Bollinger envelopes are strictly horizontal ensuring support by the bottom and (1.1060) resistance at the upper (1.1285) bands.
.png "In short-term run, markets believe in Euro")
Н1: the same picture, but levels of support/ resistance are shaped better - 1.1094-1.1274.
.png "In short-term run, markets believe in Euro")
Expectations: Euro tends to grow to 1.1274, but you can buy only if it drops to 1.1094.
Trading decisions:
1) Buying from 1.1094 in case of decline to this area. Target - 1.1274 (and 1.1391 in the middle-term run).
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.
