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Growth to 1.1417

18 August 2016, EUR/USD

Daily chart: there is still a bullish momentum plus active trending pressure from ADX, which enables buyers considering the target 1.1417 (after breaking the resistance 1.1342).

Growth to 1.1417

Н4: To a certain extent, the pair is overbought, but ADX is very strong, so we wait for a breakthrough of 1.1342 and finalization of the 14th figure.

Growth to 1.1417

Н1: a similar situation. Local resistance is at 1.1324, but it is (and will be) under a strong bullish load

Growth to 1.1417

Expectations: So, all three frames favor growth, so we are waiting for the movement towards 1.1417

Solutions: Buy to 1.1417

Aleksey Panasenko
FreshForex Analyst
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