Passing moves with local advantage of bulls

July 31, 2015


Daily chart: the pair is moving within the Bollinger envelopes, being "surrounded" by two colliding O&U s - from north it is from 1.1110, from south it is coming from 1.0825.

Í4: a similar situation. Two paths: a decline to the middle 1.0825 Bollinger band (1.1011), either rising to the northern O&U (1.1110)

Í1: scenario of the upward movement to 1.1110 through breaking the top envelope. Let's watch.


Main: Move up towards 1.1110 via zig-zag 1.1011-1.0935-1.1110.

Alternative: Decline from 1.1011 down to 1.0825.


1) If the top envelope is breaken, we shall buy from 1.0935 to 1.1110.

2)Pending Sell orders are set at 1.1110 and Buy at 1.0825.

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
Cms Trader Rating
XM Rating
OctaFX Rating
FX Giants Rating
Tickmill Rating

Banc De Binary Rating
UKoptions Rating
First Binary Option Service Rating
OptionTrade Rating
Migesco Rating
Anyoption Rating