Forecast for the euro on Monday | 17 August 2015
17 August 2015, EUR/USD
The daily chart:the second inside bar in succession will almost certainly lead to a new decline in the area of the bottom Bollinger band - 1.0825 (in the middle term). Although expansion of the envelope suggests the possibility of another test of the area area 1.1216
.png "Forecast for the euro on Monday")
Н4: strong support near the bottom Bollinger band (1.1023), where you can expect a rebound in the area of the middle band (1.1113).
.png "Forecast for the euro on Monday")
Н1: ADX is not so active, so support 1.11area can provide the local demand for the euro to raise quotes to 1.1170 zone.
.png "Forecast for the euro on Monday")
Expectations: So, we wait for growth to 1.1170 and decline towards 1.1023.
solutions:
1) Buy from 1.1170 to 1.1023.
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.
