Re: FreshForex team
Weekly review of three pairs
EUR/USD
Monthly chart: An ill-defined reaction of April to March pin makes us doubt it has a good outlook. Besides, we see a strong trend activity of ADX, therefore, there is a great probability of attacking 1.4034 with a further movement to a middle-term space to 1.4964. Support by the middle Bollinger band (1.3249) must be pointed out. Any movement down to this point won't break ascending structure.
Weekly chart: the last week was finished by a very narrow inside bar. Support is located at 1.3715, from this point bulls can develop an attack to 1.4034. Decline below 1.3715 makes plan with movement to 1.3249 real.
Day chart: the pair had been under sales within the last 2 weeks, which is seen due to 2 bearish pins coming one after one. Bollinger enevlopes are getting narrow speaking about coming impulse movement. Support 1.3715 also seems confirmed and important from a diagnostic point of view.
Conclusion: so, main plan is growth to 1.4034, following to a possible touch of 1.3715. Another option is the break of 1.3715 and decline to 1.3249.