11 April 2016, EUR/USD
Daily chart: Friday was closed by the bullish inside bar that, against the background of active ADX. It can lead to a new momentum in the area of 1.1467 (Upper Bollinger Band)
Н4: a horizontal flat channel 1.1347-1.1416 (the range of Bollinger envelopes). We can search for the best possible entries point up around the bottom wall of the channel.
Н1: a more localized range for trading - 1.1381-1.1416 (upper envelope Bollinger). If bulls do not become more active around 1.1381, bears will adjust euro to the bottom band (1.1347)
Expectations: The main scenario - touch of 1.1381 and then surge towards 1.1416 and possibly to 1.1467
The alternative scenario - decline to 1.1347 (on a breakthrough at the level of 1.1381)
Trading solutions: looking for signals to enter to 1.1381 or 1.1347 (based on one of the described scenarios)
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us