Support is expected in the area 1.10-1.1029 is expected | 02 July 2015
02 July 2015, EUR/USD
Daily chart: pressure from ADX is growing and we can interpret it in tw ways: as a potential for movement to 1.1386 (O&U) and as pressure to break the bottom Bollinger envelope.
.png "Support is expected in the area 1.10-1.1029 is expected")
Н4: possible support is around1.0998 (the bottom Bollinger band plus the round level). Сопротивление на 1.1232.
.png "Support is expected in the area 1.10-1.1029 is expected")
Н1: более локализованная поддержка на 1.1029. сопротивление в зоне 1.11.
.png "Support is expected in the area 1.10-1.1029 is expected")
Expectations: снижение в зону 1.10-1.1029 и отскок к 1.11.
Trading decisions:
1) Can buy from the area 1.10-1.1029, but it is better to wait for a confirmation signal.
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.
