Key support for Euro - 1.0843

July 17, 2015


Daily chart bears still press and now a new support level is 1.0843 (the bottom Bollinger band). Below we have a small downfall to the 5th figure.

Í4: resistance is on 1.0968 (the middle Bollinger band ). On the event a pullback to this area takes place, we can open sales.

Í1: a better shaped resistance on 1.0943

Expectations: so, waiting for a proof-test of the support 1.0843. You can sell on this movement if the price makes an upward roll to 1.0943.

Trading decisions

1) Sales from 1.0943 to 1.0843

Publication source
FreshForex information  FreshForex reviews

October 24, 2016
Important economic events for the coming week
Monday, October 24, 2016 - JPY Small Business Confidence (OCT), EUR Markit/BME Germany Manufacturing PMI (OCT P), USD Markit US Manufacturing PMI (OCT P)...
October 21, 2016
US Presidential Election: Final Debate Aftermath
With the dust having settled after Wednesday final US presidential debate of the 2016 campaign between Donald Trump and Hillary Clinton, the results have become rather apparent...
October 20, 2016
Doting on Draghi
The ECB meeting arrives today when EURUSD is testing key levels. The mid-year lows at 1.0952 is perilously close as I write, whilst the post-Brexit referendum low of 1.0913 being in the frame after that. It’s hard to see the ECB adding to its quantitative easing policy...

Fort Financial Services Rating
Vantage FX Rating
HYCM Rating
XM Rating
FXTM Rating
OANDA Rating

Binary Brokerz Rating
Banc De Binary Rating
TropicalTrade Rating
OptionFair Rating
Grand Option Rating
Porter Finance Rating