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Main » 2015 » November » 13 » Trend euro / dollar at 11/13/2015: Assessing the potential upward correction euro
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Trend euro / dollar at 11/13/2015: Assessing the potential upward correction euro
 
article19176.jpg

Course November 13, 2015, EUR / USD

Daily chart: it was very intense correctional session, with all the signs of this trend.Do bears begin to act this week, or give yourself time to rest even on the weekend?It is a question of the day.

In general, the potential for correction limited to the middle Bollinger band (1.1012).The purpose of the medium-term decline of the euro - the lower Bollinger band (1.058 5) 

 

 

 

H4: hitch at 1.0820 resistance at weak ADX. It can reject the euro to the middle Bollinger band (1.0758).

If the bulls will be 1.0820, the road will be opened to 1.09.

H1: detail of the same scenario.

Expectations:

The main scenario - bounce down from 1.0820 to 1.0758.

The alternative scenario - a breakthrough towards the 1.0820 and 1.09

Business solutions:

1) If, and sold in such a phase - based on the medium-term reduction in 5-th figure. Open sale within days - is unsafe. However, with the development of the basic scenario the potential of 70 points will be present.

2) Bulls could try to finalize the correction to 1.09 and possibly even to 1.10

 

Alexei Panasenko

Analyst «FreshForex»

 

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