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A strong signal to North

A strong signal to North | 15 October 2015

15 October 2015, EUR/USD

The daily chart: a strong northern signal for the mid-term - breakdown of the upper Bollinger envelope. After a rollback to the middle Bollinger band (1.1286), we can expect another strong upward surge in direction of 1.17.

Н4: a more localized support at 1.1392 (middle Bollinger band)

Н1: and another local dynamic support at 1.1425

Expectations: so, the pair is oriented to the north towards 1.17, but there is a chance for a pullback to 1.1392-1.1425 area, where you can enter into this movement

solutions: Skip the pullback down to 1.1392-1.1425 area where buy medium- to 1.17.

Aleksey Panasenko
FreshForex Analyst
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