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Perhaps, 1.14 is going to be reached

02 September 2015, EUR/USD

The daily chart: the scenario developing the inside bar up is justifying itself. ADX parameters are weak, so there may be some roll back down to dash towards the top Bollinger band (1.1544).

Perhaps, 1.14 is going to be reached

Н4: local resistance 1.1313 (Upper Bollinger Band). If today bulls do not find reserves to break above, we'll see a flat preparation in the top of the envelope (1.1243-1.1313)

Perhaps, 1.14 is going to be reached

Н1:here, in turn, we have trending state ADX, so in case of a pullback to the middle band (1.1283) you can try to buy.

Perhaps, 1.14 is going to be reached

Expectations: So, we wait for growth to 1.14. In this scenario, you a pre-roll back down to 1.1283 is possible.


1) Buying from 1.1283 to 1.14.

Aleksey Panasenko
Analyst of «FreshForex» company
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