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Bulls retain control

17 August 2016, EUR/USD

Daily chart: still a strong bullish pressure from ADX/RSI, which allows buyers to continue to attack up to a strong resistance 1.1417.

Н4: a similar picture, but the pair is oversold here. ADX in a very active area, so we consider no sales.

Н1: correction to the middle Bollinger band (1.1244) can be, from where we wait for growth once again.

The main scenario - growth to 1.1417 (possibly - after touch of 1.1244 zone) < p> The alternative scenario - a significant correction (to 1.1181), from where the pair will grow again

Trading solutions: buy to 1.1417 (the best possible option - from the 1.1244 zone).

Aleksey Panasenko
Analyst of «FreshForex» company
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