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Trying purchases around 1.0983

Trying purchases around 1.0983 | 08 July 2015

08 July 2015, EUR/USD

Daily chart the chart is still heading for South, but we also keep our pending short positions on 1.1386.

Trying purchases around 1.0983

Н4: clearly expressed convergence of oscillator allows to expect start of ascending correction. Local resistance at 1.1138 can bring Euro down by 100 points again, whereupon we can watch closer to purchases.

Trying purchases around 1.0983

Н1: так же convergence saying about bulls is also present. Support is at the middle Bollinger band (1.0983). Resistance 1.1039.

Trying purchases around 1.0983

Expectations: hitting 1.1039 - decline to 1.0983 – growth to 1.1138.

Trading decision:

1) purchases from 1.0983 to 1.1138 and to 1.1386 in the middle run.

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