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.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
