02 August 2016, EUR/USD
Daily chart: ADX in a very active phase, so we can expect beginning of a bullish momentum towards 1.1335.
Н4: local resistance is at 1.1217 (upper Bollinger band), from where a correction may start towards the middle band (1.1129).
Н1: at this local level, we also have a bullish accumulation and readiness for distribution.
The main scenario - growth to 1.1339
The alternative scenario - surge to 1.1217, then correction to 1.1129
Trading solutions: We consider buying to 1.1339 (and monitor how the price reacts to the resistance zone 1.1217 to possibly settle in profit there)