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Growth to 1.1446

Growth to 1.1446 | 29 April 2016

29 April 2016, EUR/USD

Daily chart: the pair is growing in the direction of the upper Bollinger band (1.1446), ADX also increases in the direction of movement of the price and the oscillator, so the likelihood of reaching this mark is very high

Н4:the upper Bollinger envelope is broken, which is a strong signal of the north. There are two paths: either the pair will reach 1.1446 directly (see blue arrow.) or through a rollback to the middle band (1.1321 - see red arrow).

Н1: a similar situation, but the support is based on the local level - at 1.1356 (the middle band Bollinger).

Expectations: The main scenario - direct growth toward 1.1446

The alternative scenario - a downward rollback to 1.1356 and then start of surge to 1.1446

Trading solutions: look for buying options around 1.1356 (or at current levels) to 1.1446

Aleksey Panasenko
FreshForex Analyst
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