Growth to 1.1226 is possible

21 May, 2015

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.

Í4: 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.

Í1: 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.

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


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Range 1.5586-1.5651

Daily chart: the pair continues to be a wide flat range within the envelope Bollinger (1.5417-1.5711). Expectations: touching zone 1.5586 and rising to 1.5651...

We do not expect much volatility today

The daily chart: it is likely that flat status of ADX forecast to the Pound the day with a low volatility. We expect a calm trading around the middle Bollinger band (1.56)...

Flat day

Daily chart flat state of ADX and Bollinger envelopes say that the pair will spend the day (and the nearest time) within the present range: the upper envelope (123.39-125.17)...


Target is at 125.17

Daily chart: the upper Bollinger band rose even higher - at 125.17 and now this mark is an actual target for growth. So, we wait for growth to 125.17, but in the area of 124.47 we can probably meet turbulence and a possible rollback...

We shall buy to 125.09

Daily chart: the pair has predictably broken Inside bar up and now is moving to the upper Bollinger band (125.09) (125.09)...

Looking for short signals from resistance 1.1140 or 1.1224

Daily chart: the Euro preserves a growing tendency and continues to rise to the upper Bollinger band (1.1224), which, given the state of ADX, is likely to be corrected downwards to the middle band (1.10)...


Weekly review: gold, S&P500, Brent oil

Monthly chart: scenario of reversal is justifying itself. Northern marks are still achievable, but the bullish momentum has depleted to a notable extent...

Support is possible around 1.0789

Daily chart: Euro is still forced down. Currently the target is 1.0789 (the bottom Bollinger band). Somewhere you meet a significant support for a correction and as a result new sales area to move on trend...

Weekly review of S&P500 index, oil and gold

Monthly chart: bulls bolted off to work on the upper Bollinger band (2190.6), but ADX is persistent in its decline, so we are waiting for a downward reversal...

  


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