The bottom will be finalized | 05 August 2015
05 August 2015, EUR/USD
Daily chart: The bottom is going to be finalized today. Bears will obviously finalize the bottom Bollinger band (1.0813), where the bulls will try to work on the local O&U on this strong support
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Н4: is a very good sell signal - a breakthrough bottom of the envelope. Sales in the framework of this setup are opened from the middle Bollinger band (1.0952)
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Н1: a little more localized resistance - 1.0938 (middle Bollinger Band)
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Expectations: The bottom will be finalized. So, we wait for a correction up to 1.0938 area -1.0953, where the euro will go to 1.0813.
Trading solutions:
1) sales from 1.0938-1.0953 to 1.0813
2) Waiting on 1.0813 to enter purchases.
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.
