07 April 2016, EUR/USD
Daily chart: So, yesterday ADX openly voted for bulls. Now the main northern potential is concentrated around the upper Bollinger band (1.1471), where euro is expected to be.
Н4: horizontal flat corridor inside Bollinger envelopes (1.1355-1.1416). We will look for the upward entries around the lower wall of the channel (1.1355)
Н1: local support area 1.1378-1.1385 (two hour middle Bollinger Bands). Local resistance - 1.1425 (Upper Bollinger Band).
Expectations: So, in general, we are waiting for surge to 1.1425 and 1.1471, but the price can pre-test at lower levels around 1.1378-1.1385
Trading solutions: look for buying options from 1.1378-1.1385 1.1425 and 1.1471