FreshForex - Analytics


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Euro needs some corrections

Euro needs some corrections



Day chart: A strong 1.1521 resistance level is a big barrier EURUSD now. New Highs are expected atfer rollback to middle Bollinger band (1.1079)

Н4: local resistance at 1.1481 (upper Bollinger band). Internal support level - 1.1307 (low band)

Н1: today flat is expected in 1.1367-1.1427 range

Expectations: the main scenario is flat between 1.1367-1.1427. Alternative is growth to 1.1481 and then decline to 1.1307. You had better not make buyings today.

Trading decisions:

1) Look for short-signals from 1.1427, or 1.1481.

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