EUR/USD: Adding Positions Up Around ​​1.1349

By Alexey Panasenko of freshforex.com
Friday, September 18, 2015 6:00 AM EST

The daily chart: a continued uptrend for the euro, and the nearest goal of bulls is the upper Bollinger band (1.1529)

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Adding positions up around 1.1349

Н4: a confident breakdown of the top o envelope. We expect correction to the middle Bollinger band (1.1312) and then buy to 1.1529.

Click on picture to enlarge

Adding positions up around ​​ 1.1349

Н1:more localized support lies at 1.1349 (middle Bollinger Band).

Click on picture to enlarge

Adding positions up around 1.1349

Expectations: So, we wait for a pullback to 1.1349 and then a new wave of growth to 1.1529

Solutions:

1) We keep Buy trades to 1.1529

2) We open new purchases to 1.1349.

Disclosure: None.

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Currency Trader • 9 years ago • Member's comment

Thanks for the charts.