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Preparation for Northern movement

09 September 2015, EUR/USD

The daily chart: the pair confirms its northern determination, but, as we see, ADX is in a hurry, so growth is unlikely to have an impulse character. The overall goal - the upper Bollinger band (1.1496)

Preparation for Northern movement

Н4: horizontal envelopes and sluggish ADX also do not speak for intensive development.

Preparation for Northern movement

Н1: the pair apparently will spend another day at the top Bollinger envelope (1.1183-1.1221)

Preparation for Northern movement

Expectations: ascending flat 1.1183-1.1221


1) Buy from 1.1183. Target - or 1.1221 intraday either 1.15 in the middle run.

Aleksey Panasenko
FreshForex Analyst
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