OliverR.Evans

EURUSD - Neutral with bullish outlook

FX:EURUSD   Euro / U.S. Dollar
The hammer candle from Tuesday bounced from recent resistance at 1.11200 indicating that sellers are not strong enough for a break below.

The Bollinger bands have also tightened showing a lack of volatility , which is often seen before a period of strong volatility .

I am holding out for a candle to break above the 1st top bollinger band and close in the upper zone, this would be an ideal set up for a long position mid week commencing the 26th.

Good luck

Oliver R Evans

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