03 August 2016, EUR/USD
Daily chart: very active trend ADX is in favor of buyers. On breakthrough of the upper envelope a certain downward rollback is possible. The targets for this week - 1.1335 and 1.1400
Н4: local support is at 1.1167 (middle Bollinger band), resistance is at 1.1256 (upper band)
Н1: the trading range inside Bollinger envelopes (1.1194 - 1.1231). ADX is also in the active zone, so growth may start from current levels.
The main scenario - surge from the current levels to 1.1231 and 1.1256 (with an eye to 1.1335)
The alternative scenario - a downward rollback to 1.1167, and then beginning of growth
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us