Looking for growth to 1.0959-1.0978 and decline to 1.0881

July 23, 2015


Daily chart: bulls are moving to the middle Bollinger band (1.1026), from where a pullback is probable to happen to the area of demand in Euro configured by the pattern O&U (1.0825)

Í4: the upper Bollinger band (1.0973)with weak ADX also has potential as a resistance line.

Í1: and even a better shaped resistance 1.0959. Support is 1.0881.

Expectations: growth to 1.0959-1.0978 and decline to 1.0881 with the target at 1.0825.

Trading decisions:

1) Waiting in the bottom part (at 1.0825) with purchases.

2) If there is a short signal around 1.0959-1.0978, we shall sell 1.0881 to 1.0825

Publication source
FreshForex information  FreshForex reviews

December 8, 2016
U.S. equities post a new record high. Euro looks to ECB meeting
U.S. equities edged higher to post new highs in yesterday's trading marking one of the strongest one day gains since the November elections. The DJIA gained 1.6% while the S&P500 closed with 1.3% gains...
December 8, 2016
US equities jump sharply
US markets saw a massive rise today as the Dow was up 300 points and the S&P 500 was up 29 points showcasing that investors believe the advent of Trump will have a positive effect on the US economy.
December 7, 2016
GBP falls as industrial & manu. production miss
The pound has come under pressure in London trading today. EURGBP buying has been a driver, with the cross rallying some 0.5% to a peak of 0.8510, since ebbing to around 0.8490. Gains failed to sustain above the 20-day moving average, which is at 0.8503...

HotForex Rating
HYCM Rating
Fort Financial Services Rating
Larson&Holz IT Ltd Rating
 FXTM Rating
OANDA Rating

Empire Option Rating
OptionsXO Rating
Banc De Binary Rating
TopOption Rating
Anyoption Rating
Grand Option Rating