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

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...

 FXTM Rating
Trade360 Rating
Tickmill Rating
Orbex Rating
Vantage FX Rating
FOREX.com Rating

Banc De Binary Rating
TropicalTrade Rating
24option Rating
OptionRally Rating
OptionsXO Rating
Grand Option Rating