Support is possible around 1.0789

July 21, 2015

EUR/USD

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.

Í4: we confirm support at 1.0789. We again remind about a multiple convergence of oscillator, which says about correction. Resistance - 1.0968 (the upper Bollinger band ).

Í1: also bullish convergence. On the local level there is a flat range 1.0812-1.0860, but ADX is close to the area of active actions, so flat is not the main plan.

Expectations: moving down to 1.0789 and upward bounce to 1.0860

Trading decisions:

1)Purchases from 1.0789 to 1.0860. Downward trend is quite well expressed so, you need to get additional signals from your trading systems to enter upper parts.

Publication source
FreshForex information  FreshForex reviews

September 23, 2016
Risk rating
The market is in need of a new narrative. The Fed meeting in December is too far off and for now, the US election is not something that entices excitement. With central banks on hold, markets are pushing the envelope in terms of risk...
September 23, 2016
Greenback regains some ground
On Friday, the evergreen buck regained some ground against other key currencies, as markets kept digesting the Fed’s latest policy decision...
September 23, 2016
Dollar rebounds slightly as precious metals are in a hot zone
The US Dollar rebounds after a substantial selloff led by the FOMC decision to leave the interest rate unchanged. The Dollar index, which tracks the US currency against major peers, recoiled with support at a 95.00 level on Thursday, adding 0.05% to the 95.36 price in the early Friday session...

Grand Capital Rating
XM Rating
FBS Rating
FIBO Group Rating
HYCM Rating
FXCM Rating

TopOption Rating
Porter Finance Rating
TropicalTrade Rating
OptionRally Rating
Banc De Binary Rating
OptionFair Rating