03 July 2015, EUR/USD
Daily chart: the bottom Bollinger band withstood, ADX is active enabling bulls to move up to 1.1386, where we still wait our entrance down to the middle-term movement of euro to 1.07-1.08 based on the pattern O&U.
Н4: As we see, here ADX is weak, so we are waiting for a strong resistance around the upper Bollinger band (1.1232). On decline to the area of the bottom band (1.1029), we again can buy euro to the target 1.1380.
Н1: a very active ADX, so today's accomplishing of 1.1232- quite probable.
Expectations: so, waiting for growth to 1.1232 and bounce down to 1.1029. Upon that, selling is dangerous, because area 1.1386 still contains a mighty supply.
1) We shall buy to1.1232.
2) You may support opened purchases to 1.1380.
3) Put Sell Limit orders to wait to buy from 1.1386.
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