18 April 2016, EUR/USD
Daily chart: As we can see, bulls have the opportunity to test the upper Bollinger band (1.1466), but growth takes place whereas we see divergence of the oscillator. At any moment, the price can take a turn down. Local support is at 1.1142 (the bottom Bollinger band).
Н4: the pair is in the bottom Bollinger envelope (the range 1.1202-1.1302).
Н1: locally support is higher - at 1.1274 (the middle Bollinger band). Since eariler the upper envelope was broken and ADX is active, we can assume that the euro will start to grow after the touch of zone 1.1274.
Expectations: The main scenario - touch of 1.1274 and start of the upward movement to 1.1345
The alternative scenario - growth from current levels of
Trading solutions: buy in the case of touch 1.1274 to 1.1345
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