We consider sales from 1.12 | 04 September 2015
04 September 2015, EUR/USD
The daily chart: Euro has been brought to the lower envelope, so you can expect a gradual decline to the lower Bollinger band (1.0858). Resistance, on which you can find the entrance to a movement - is the middle Bollinger band (1.12)
.png "We consider sales from 1.12")
Н4: middle line within this frame - 1.1219. Local support - 1.11 (the lower band).
.png "We consider sales from 1.12")
Н1: lower current support - 1.1060.
.png "We consider sales from 1.12")
Expectations: So, we wait for touch of 1.1200-1.1219 area, where the price will begin to decline again to 1.11 and 1.0858 (medium-term).
solutions:
1) We consider sales from 1.12-1.1219 to 1.11 and 1.0858.
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.
