Wait for the correction down and then the growth to 1.1212 | 13 August 2015
13 August 2015, EUR/USD
Daily chart: bulls were very active and broke the upper Bollinger envelope,so, we wait for the down entering to buy near the middle bond (1.0966), from where we may pass one more active northern spike to 1.1380, where the entering bearish points are within O&U. This is the medium-term scenario.
.png "Wait for the correction down and then the growth to 1.1212")
Н4: more localized middle Bollinger bond (1.1030).
.png "Wait for the correction down and then the growth to 1.1212")
Н1: we verify the support 1.1030. The intraday resistance - 1.1212.
.png "Wait for the correction down and then the growth to 1.1212")
Expectations: so, wait for the correction beginning to 1.1030, from where the Euro continues its growth to 1.1212 and to 1.1380 (middle-term)
Trading solutions:
1) Buys from 1.1030 to 1.1212.
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.
