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Growth to 1.1325

16 June 2015, EUR/USD

Daily chart: a condifent inside bar of bulls after pin from the middle Bollinger band - is a strong enough proof to continue growth. But both ADX and Bollinger bands are passive, so we don't expect an impulse growth. Potential has to be accumulated. Extreme growth zone is at 1.1425 (the upper Bollinger band).

Growth to 1.1325

Н4: better shaped resistance at 1.1325

Growth to 1.1325

Н1: it is possible that the price will grow to 1.1311-1.1325.

Growth to 1.1325

Expectations: so, we are waiting for growth to 1.1311-1.1325, but the price can hardly move above. In the middle run, the price potential is based by 100 points higher than at 1.1425.

Trading decisions:

1) We shall buy to 1.1325.

Aleksey Panasenko
FreshForex Analyst
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