FreshForex - Analytics


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    Forecast for the euro on Monday

    The daily chart:the second inside bar in succession will almost certainly lead to a new decline in the area of ​​the bottom Bollinger band - 1.0825 (in the middle term). Although expansion of the envelope suggests the possibility of another test of the area area 1.1216

    Forecast for the euro on Monday

    Н4: strong support near the bottom Bollinger band (1.1023), where you can expect a rebound in the area of the middle band (1.1113).

    Forecast for the euro on Monday

    Н1: ADX is not so active, so support 1.11area can provide the local demand for the euro to raise quotes to 1.1170 zone.

    Forecast for the euro on Monday

    Expectations: So, we wait for growth to 1.1170 and decline towards 1.1023.


    1) Buy from 1.1170 to 1.1023.

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