Looking for short signals from resistance 1.1140 or 1.1224

July 28, 2015


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)

Í4: bullish dynamics is preserved, but both overview indicators are close to overboughtness area, so we confirm an expected bounce from 1.1224.

Í1: here we have a much more localized resistance - 1.1140.

Expectations: 1) .Rising to 1.1140 and rolling back down to 1.1072. 2) Rising to 1.1224 and rolling back down to wards 1.10

Trading solutions:

1) Keep Buy trades open to 1.1140

2) Looking for short signals from resistance 1.1140 or 1.1224.

Publication source
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