We are looking for buying options around 1.1345

21 April 2016, EUR/USD

Daily chart: the rising flat tendency continues in the direction of the upper Bollinger band (1.1480). Support is represented by the the middle band (1.1307)

Н4: the inside bearish bar from the upper Bollinger band (1.1374) can also adjust the pair to the middle band (1.1307), however, with we should be very careful with sales, because we have a very active ADX and rising envelopes. The bullish scenario has the priority.

Н1: a localized support is at 1.1345 (middle Bollinger band). Resistance is at 1.1392 (upper band)

Expectations: now we are waiting for fall to 1.1345 and then rise to 1.1392 with the target at at 1.1480

Trading solutions: buy from 1.1345 to 1.1392 and 1.1480

Aleksey Panasenko
FreshForex Analyst
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