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We are looking for a buy signal

We are looking for a buy signal | 23 December 2015

23 December 2015, EUR/USD

Daily chart: Bollinger envelopes are still directed to the north. In general, we expect growth towards 1.1129 (Upper Bollinger Band), but due to weak ADX, we can assume that the scenario will be much stretched in time.

We are looking for a buy signal

Н4: local-level support/resistance - 1.0881/1.0980 (the middle\Upper Bollinger bands).

We are looking for a buy signal

Н1: two more localized support levels - 1.0943 and 1.0904. From one of them we can expect upward movement to 1.0982.

We are looking for a buy signal

Expectations: So, at the levels of 1.0943 and 1.0904 we shall monitor signals of growth and buy to 1.0982 and 1.1129 (in the medium-term).

Trading solutions: if we have long signals in these areas, we shall buy 1.0982 and 1.1129

Aleksey Panasenko
FreshForex Analyst
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