EUR/USD: Trade between the levels of 1.1317 and 1.142

Posted On 13 Oct 2015

The daily chart: a promising pinbar for bears from the upper Bollindger band, which could trigger a pullback in the euro zone’s bottom line (1.1110)

Н4: local support (1.1317) and resistance (1.1420 respectively, the middle and upper Bollinger bands may provide opportunities for intraday trading in both directions.

Н1: meanwhile weak parameters of ADX. We are waiting for rebound from 1.1317

Expectations: to fall to 1.1317 and bounce up towards 1.1420.

solutions: 1) We sell to 1.1317. 2) We buy from the 1.1317 to 1.1420

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