12 April 2016, EUR/USD
Daily chart: ADX retains a strong trend determination, and the upper Bollinger band is located just above again (1.1488). All these suggests northern scenario for the near future.
Н4:the pair is in the flat range within the Bollinger envelope (1.1357-1.1424). But it is a question whether the price will touch support 1.1357, because ADX is active.
Н1: a more localized area of support for today - the bottom Bollinger band (1.1375). Resistance 1.1436 (Upper Bollinger Band). ADX is quiet, so it is possible that the pair will spend the day in this corridor.
Expectations: now we are waiting for overall growth to 1.1436 and then to 1.1488, but before that it can touch 1.1375
. Trading solutions: purchase from 1.1375 to 1.1436 and 1.1488.