EURUSD – Up
Daily chart: the pair is in a broad 300-points range 1.1051 – 1.1367 within Bollinger envelopes, being based in the most inopportune place for trading – exactly in the middle of this range. Let us look for better entries at the smaller charts.
Н4: breakthrough of the bottom Bollinger envelope is the pattern, which can make the price roll to the middle band (1.1276), from where it can take a new peak towards 1.1051.
Н1: a better shaped resistance 1.1258 (middle Bollinger band), support – 1.1174 (lower band). The pair is heavily oversold, so correction to 1.1258 is very likely event.
Expectations: an upward rollback to 1.1258, from where a new decline towards 1.1174 can take place
Solutions: sales from 1.1258 to 1.1174
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
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