Targets below are to be reached and fight is coming

May 26, 2015

Daily chart: Today bears are focused on the middle Bollinger band, because it has potential to get price down to 1.5065. Buyers are trying to fence them off, because the point of no return has not been reached yet. So, the fight is coming.

Í4: Local support is on 1.5368 (the bottom Bollinger band) and active ADXspeaks for benefit of bears.

Í1: Bearish pressure also works here, but convergence of oscillator may be a sign for bulls.

Expectations: a conflict day. There are signs of growth but lower points has not exhausted their potential yet.

Trading decisions:

1) We may keep sales open but it is too eraly to buy now. Though there are signals for purchases. I would abstain from decisions today and take time to watch. Tomorrow it will get to be more clear.

Publication source
FreshForex information  FreshForex reviews

February 23, 2017
U.S. dollar muted to Fed minutes
The U.S. dollar index was flat yesterday after the Federal Reserve published the meeting minutes from the January 31 -February 1 monetary policy meeting...
February 23, 2017
Will the UK go through a migration shock?
The plan successfully passed through the upper chamber and is now going to the committee stage where it’s likely to be amended to warrant better relations with the EU...
February 23, 2017
The euro is under pressure amid growing concerns
The single currency regained a minor portion of its losses in the Asian session on Wednesday. The pair was able to reach 1.0550. However, the selling pressure around the euro remained unchanged pushing the spot to fresh lows...

Fort Financial Services Rating
FOREX.com Rating
OctaFX Rating
XM Rating
FxPro Rating
Tickmill Rating

Beeoptions Rating
Binary Brokerz Rating
OptionRally Rating
Banc De Binary Rating
Dragon Options Rating
EZTrader Rating