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

October 26, 2016
Revealed a larger than expected consumer confidence drop to 98.6
Asian stock markets are mostly down, with Japan a notable outperforming (closing up and indices holding on to modest gains as the Yen continued to decline against the Dollar...
October 26, 2016
AUD gains on better than expected CPI numbers
The Australian Bureau of Statistics released the consumer price index data for the third quarter. Official records showed that CPI advanced 1.3% on the year in the third quarter of 2016...
October 25, 2016
US flash Markit PMI jumped 1.7 points to 53.2 in October
Asian stock markets are mostly down, as the positive confidence indicators out of Europe and the U.S. yesterday were overshadowed by weak GDP numbers from South Korea, which weighed on most markets. Topix and Nikkei outperformed, with a weaker Yen underpinning exporters...

FOREX.com Rating
FXCM Rating
Fort Financial Services Rating
Orbex Rating
Vantage FX Rating
FxPro Rating

Banc De Binary Rating
Grand Option Rating
24option Rating
Binary Brokerz Rating
OptionsXO Rating
365BinaryOption Rating