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Buy euro

02 February 2016, EUR/USD

Day chart: ADX shows a potential, and Bollinger envelopes range is still stable (1.0775-1.0963). There will be an upper breakthrough, I guess.

Buy euro

H4: ADX is in trend now, and there is a strong resistance zone further (1.0953-1.0963), but on this ADX indicators this zone will be broken (one or two days)

Buy euro

H1: this rage is narrowing now. Local resistance is situated at 1.0913. If this resistance is broken, there will be a growth to 1.0963.

Buy euro

Expectations: breakthrough upper 1.0913 and growth to 1.0963 and maybe to 1.10 Trading solutions: long positions to 1.0963

Aleksey Panasenko
FreshForex Analyst
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