Growth to 1.1226 is possible

May 21, 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

Publication source
FreshForex information  FreshForex reviews

January 20, 2017
Advance in inflation across the Eurozone
Euro holds gains against the US Dollar ahead of the ECB rate decision, as majority of economists expect no major updates in the policy, while investors will be taking stock of Draghi rhetoric’s to foresee the timeframe of the next big move by the policymakers...
January 20, 2017
US oil inventory draw gave a temporally support for oil prices
Oil prices remained in red figures after Wednesday's bearish acceleration. Brent a little changed on the day and remained prone to more weakness on Thursday. The benchmark stayed neutral around 54.50 dollars per barrel flirting with the level during the European session...
January 20, 2017
Pound gives up gains
The British pound has pulled back sharply today after making its biggest 1day gain in nearly 20 years’ yesterday, as fears once again crept in about where Brexit will lead to...

FBS Rating
Grand Capital Rating
Z.com Trade Rating
FxPro Rating
Orbex Rating
FOREX.com Rating

OptionTrade Rating
GTOptions Rating
EZTrader Rating
TropicalTrade Rating
99Binary Rating
First Binary Option Service Rating