Volkov Yuriy

Bullish structure of markets remained EUR/USD Monthly chart: bulls were not able to break upper Bollinger band, though I am far from thoughts about southern direction. The reason is a fairly high Close and that Bollinger bands are still ascending (watch upper band). In case Northern movement gets confirmed, we cannot see Euro below a medium band (1.3081). If breakthrough is lower, the pair will move to the bottom band (1.2404). We need to recognize one more supportive zone is here though - 1.2749 — protecting up-structure of trend and able to send Euro upwards in the same way. Medium target of buyers is still 1.4260. http://s1.ipicture.ru/uploads/20131105/gTf17dkU.jpg Read more

Bullish structure of markets remained EUR/USD Monthly chart: bulls were not able to break upper Bollinger band, though I am far from thoughts about southern direction. The reason is a fairly high Close and that Bollinger bands are still ascending (watch upper band). In case Northern movement gets confirmed, we cannot see Euro below a medium band (1.3081). If breakthrough is lower, the pair will move to the bottom band (1.2404). We need to recognize one more supportive zone is here though - 1.2749 — protecting up-structure of trend and able to send Euro upwards in the same way. Medium target of buyers is still 1.4260. Read more

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