FreshForex - Analytics

    FreshForex

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    We shall buy Euro from area 1.0873-1.0900 to target 1.1051

     

     

    Daily chart: So, the bottom Bollinger band has been almost hit (1.0873, though has not been reached). We suppose that from this level an upward movement will start according to Over&Under (1.1390) pattern.

    Н4: The bottom Bollinger band has also not reached its full potential yet, so we are waiting when Eurp will get lower to buy. Upward targets are also the middle and (1.1051) the upper (1.1186) Bollinger bands .

    Н1: Bullish convergence of oscillator also speaks that downward movement has lost its impulse.

    Expectations: We are waiting when Lows will be updated (suppose that in the area 1.0873-1.0900) and shot up in the direction of target1.1051

    Trading decisions:

    1) We keep sales open to 1.09

    2) We buy from the area 1.0873-1.0900 to 1.1051


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