Growth to 1.1226 is possible

May 21 of 2015, EUR/USD

Daily chart: Expecting the price near 1.1390 for middle-terms sales to 1.0785 within the pattern O&U seems to remains to be the main strategy.

Возможен рост к 1.1226

Н4: The bottom Bollinger band (1.0970) gives some outlook and bulls are making efforts to set pinbar there. We recommend to wait and look for the options for intraday deals, cause ranges are quite wide now.

Возможен рост к 1.1226

Н1: We find an active ADX but Bollinger envelopes remain stable within the range 1.1079-1.1154. Therefore, we will be looking for a breakthough of one of envelopes and then will enter to the side of a breakthrough. We are basing ourselves on potential of O&U, so purchases are more preferable. Strong resistance is based on 1.1226.

Возможен рост к 1.1226

Expectations: We’re waiting for a breakthrough of 1.1154 and growth to 1.1226 within the plan to grow to 1.1390

Trading decisions:

1) We buy from zone 1.1108 to 1.1226

Won't your trader friends like this?
About the Author
"FreshForex" company started to work on the foreign exchange market in 2004. Today, "FreshForex" is one of top forex brokers on the market of Internet forex service. Continuous improvement of trading conditions, release of popular financial instruments, a tender approach to each client - all this ensures rapid development of our Forex broker and "FreshForex" brand in the community of traders. For more information visit our website at www.freshforex.com

Related Posts

Leave a Reply

*