Looking for growth to 1.0959-1.0978 and decline to 1.0881 | 23 July 2015
23 July 2015, EUR/USD
Daily chart: bulls are moving to the middle Bollinger band (1.1026), from where a pullback is probable to happen to the area of demand in Euro configured by the pattern O&U (1.0825)
.png "Looking for growth to 1.0959-1.0978 and decline to 1.0881")
Н4: the upper Bollinger band (1.0973)with weak ADX also has potential as a resistance line.
.png "Looking for growth to 1.0959-1.0978 and decline to 1.0881")
Н1: and even a better shaped resistance 1.0959. Support is 1.0881.
.png "Looking for growth to 1.0959-1.0978 and decline to 1.0881")
Expectations: growth to 1.0959-1.0978 and decline to 1.0881 with the target at 1.0825.
Trading decisions:
1) Waiting in the bottom part (at 1.0825) with purchases.
2) If there is a short signal around 1.0959-1.0978, we shall sell 1.0881 to 1.0825
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.
