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Euro. Accumulation of the northern potential

10 May 2016, EUR/USD

Daily chart: Support at the middle Bollinger band (1.1359) still looks stable, so bulls have a significant chance to attack the upper band (1.1522). Due to divergence of the oscillator, we may rely on a new medium-term decline from this point.

Euro. Accumulation of the northern potential

Н4: a better shaped resistance around the upper Bollinger band (1.1483). Buyers attack on a simultaneous growth of oscillator and ADX.

Euro. Accumulation of the northern potential

Н1: At the local level, the pair has not left the flat (horizontal corridor 1.1371-1.1402) and may spend the day to accumulate the northern potential

Euro. Accumulation of the northern potential

Expectations: The main scenario - rise to 1.1483

The alternative scenario - flat 1.1371-1.1402 (with delay of the main scenario until tomorrow)

Trading solutions: look for Buying options to 1.1483 (given the possibility of delay of the main scenario until tomorrow)

Aleksey Panasenko
FreshForex Analyst
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