The euro is aimed at 1.1386 | 21 August 2015
21 August 2015, EUR/USD
The daily chart the euro is oriented towards bearish O & U - 1.1386, but first a pullback is very likely to happen to the middle zone of Bollinger band (1.1035).
.png "The euro is aimed at")
Н4: more localized support for upward movement - 1.1102 (middle Bollinger Band).
.png "The euro is aimed at 1.1386")
Н1: and even more localized support - 1.1171.
.png "The euro is aimed at")
Expectations: So, we wait for a rollback to the area of 1.1171, and then finalization of 1.1386, where, presumably, the euro will resume to sink down in the medium term.
solutions:
1) Buy from 1.1171 to 1.1380.
2) Waiting with Sell Limit orders from 1.1386.
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.
