Trying to buy

June 29, 2015

EUR/USD

Daily chart: consolidation of the price continued and yesterday we have received Inside Bar and new narrowing of envelopes. In the upper side there is a potential zone of the offer 1.1391 within the frames of O&U pattern, so in general we will be waiting for Euro in this part. Though passive ADX can indicate about carrying scenario over the next week.

Í4: narrowing of envelopes prior to impulse. Support 1.1111, resistance is 1.1304.

Í1: Flar. Range 1.1176-1.1218.

Expectations: flat 1.1176-1.1218, or impulse to 1.1304 (in case of leave above 1.1218).

Trading decisions:

1) Trying to buy from current levels to 1.1218 and 1.1304.

Publication source
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