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Growth to the 11-th figure is possible

29 July 2016, EUR/USD

Daily chart: the pair has moved to the upper envelope Bollinger on growing ADX parameters, so the upper Bollinger band (1.1157) is the goal.

Н1: at this local level, the pair is consolidated within the envelope range (1.1052-1.1107)

The main scenario - growth to 1.1107

The alternative scenario - surge to 1.1157

Trading solutions: look for Buying options from 1.1157 to 1.1052.

Aleksey Panasenko
Analyst of «FreshForex» company
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