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Looking to buying options to 1.15

Looking to buying options to 1.15 | 24 June 2016

24 June 2016, EUR/USD

Daily chart: the pair is nearing resistance 1.1435 (upper Bollinger band) on low and non-growing ADX, so the probability of a downward rebound and correction in the direction of the middle band (1.1262)is high

Н4: here, in turn, ADX is in the trend configuration, so we assume that 1.1435 will be under load. This does not exclude the possibility of a downward correction, but we can hardly estimate how strong an upward prick above 1.1435 will be. In simple words, no sales without signal.

Н1:a growing, but still non-trend ADX, therefore, probably, the growth scenario will consist of "Breakthrough of the upper envelope - a return to the middle band (1.1356) - main phase of growth.".

The main scenario – touch of 1.1435 followed by a return to 1.1356 and then to 1.1450, and growth to 1.15

The alternative scenario - a direct surge to 1.15

Trading solutions: purchase from 1.1356 to 1.15.

Aleksey Panasenko
FreshForex Analyst
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