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Surge to 1.1375 is possible

23 June 2016, EUR/USD

Daily chart: nervous multidirectional fluctuations against corrective ADX parameters, so probably this trend will continue. The range is within the Bollinger envelopes (1.1075-1.1410).

Н4: a better shaped flat corridor 1.1221-1.1375. We also notice weak ADX parameters, so break of this range is not expected.

Н1: active trend local ADX allows to expect surge to 1.1375.

The main scenario - growth to 1.1375

The alternative scenario - return to 1.1280 and start of growth to 1.1375 from there

Solutions: Buy to 1.1375

Aleksey Panasenko
FreshForex Analyst
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