Passing moves with local advantage of bulls

July 31, 2015

EUR/USD

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.

Expectations:

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

Alternative: Decline from 1.1011 down to 1.0825.

solutions:

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

January 20, 2017
The dollar has settled moderately lower
Asian stock markets were mixed overnight, after U.S. and European shares closed in the red Thursday. Japan and mainland China bourses managed to move higher (Chinese GDP beat expectations at 6.8%)...
January 20, 2017
A huge disappointment in the UK data
UK retail sales fell most since 2012. We see he fastest pace of decline in almost five years in December. It is due to sales of... pretty much everything from household goods to clothing and food...
January 20, 2017
Trump takes office today. Markets await inauguration speech
Investors await Trump's inauguration and speech due later today as he takes office as the 45th President of the United States. The U.S. dollar was seen giving up some of the gains yesterday with some volatility coming off the EURUSD on the back of the ECB meeting...

FOREX.com Rating
FIBO Group Rating
XTB Rating
Vantage FX Rating
HotForex Rating
OctaFX Rating

365BinaryOption Rating
Empire Option Rating
GTOptions Rating
OptionFair Rating
Migesco Rating
UKoptions Rating