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Growth to 1.1050-1.1063

Growth to 1.1050-1.1063 | 26 July 2016

26 July 2016, EUR/USD

Daily chart: the pair is ascending inside the envelopes, so we're waiting for growth to at least the middle Bollinger band (1.1063)

Н4:the pair has moved to the upper envelope, ADX has an aggressive trend status. Resistance - 1.1050 (Upper Bollinger Band).

Н1: another frame with active ADX status. Of course, we expect surge to 1.1050-1.1063

The main scenario - growth to 1.1050-1.1063

The alternative scenario - a rollback to the middle band (1.0990) on H1, from where an impulse growth to 1.1050 is expected

Solutions: buy to 1.1050.

Aleksey Panasenko
FreshForex Analyst
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