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Growth by more 100 points

Growth by more 100 points | 16 August 2016

16 August 2016, EUR/USD

Daily chart: bulls have predictably got operating space and now have all reasons to make the price leap by another 100 points up to ​​1.1335. Although the overall potential is so strong that, in the medium run, there will be perhaps even more ambitious targets.

Growth by more 100 points

Н4: also an unconditional bullish setup, as the upper envelope Bollinger is going to be broken.

Growth by more 100 points

Н1: a similar situation. All three frames show northern pressure. Theoretically a rollback to ​​the middle Bollinger band (1.1188) is possible, but this pullback can in no way be used for sales, only for purchases below!

Growth by more 100 points

Expectations: So, we wait for growth to 1.1335 (with a possible preliminary rollback to 1.1188)

Solutions: Buy to 1.1335 (the best possible option - from around 1.1188)

Aleksey Panasenko
FreshForex Analyst
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