FreshForex - Analytics

FreshForex

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Premarket view on the euro. Analysis of Friday's close

The daily chart: broken upper Bollinger envelope, therefore a roll back to the middle band (1.0730) is possible, which can enable a further rise to 1.1106

Н4: upward potential move to 1.1013 (Upper Bollinger Band)

Н1: before closing the pair went into the flat -.1.0948 1.0844 range and a 100-points' distance may be enough for Monday.

Expectations: The main scenario - flat 1.0844-1.0944. The alternative scenario - growth to 1.1013.

Trading solutions: purchase is preferable. Purchases from the zone of 1.0844 to 1.0944 and possibly to 1.1013



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