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Old 03-02-2014, 08:09
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VolkovYuriy VolkovYuriy is offline
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Join Date: Dec 2013
Posts: 343
Default re: FreshForex -

Weekly review of three pairs

Monthly chart: here is an active rolldown while ADX is calm. It increases strength of a possible support for 1.3106 (Bollinger's medium band) and the probability of bullish scenario.
Weekly chart: test level is 1.3267 (bottom band). If buyers do not take active steps from there (and will get the price below specified price), their mid-range strategies will lose.
Day chart: bearish wave is developing here. Bounce from 1.3267 is a more important task for bulls than enhancement of descending front down to 1.3105.
Conclusion: main plan is to touch 1.3267 and start of euro growth in the direction of 1.3850.

Another option is to break support 1.3267 and even a deeper descend to 1.3105.

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