Looking to buy on this decline | 13 July 2015

Daily chart: in the morning, the price has corrected towards the bottom Bollinger band (1.0965). We will estimate younger charts to learn if bears were able to work on this pukkback in full.

In general, we expect flash to 1.1386, from where Euro can drop to 1.07.

Н4: right now the pair is on a very strong support - 1.1073 (the middle Bollinger band ), which is able to fight an attack off

If the price falls under 1.1073, buyers can work on 1.0965.

Н1: a very strong attack of the bottom envelope. So, we can say that plans discussed for Н4, are equally possible .

Expectations: 1) Bounce from 1.1073 and start of growth to 1.1386 2) Breakthrough of 1.1073 will lead to decline to 1.0965

Trading decisions:

1) Looking to buy from 1.1073 either 1.0965 after you get confirming signals. Middle-term target - 1.1386.