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Zone 1.1378 can be finalized

Zone 1.1378 can be finalized | 23 August 2016

23 August 2016, EUR/USD

Daily chart: the upper Bollinger band has been noticeably lifted to 1.1378, so now the main expectation is finalization of this zone

Н4: ADX is ready for deeds, and meanwhile this activity can be related to both bearish and bullish fronts. Based on the superiority of the daily chart, the control support for growth is the bottom Bollinger band (1.1280)

Н1: a better shaped support 1.1295 (bottom Bollinger band)

Expectations: surge to 1.1378 (probably - after correction to 1.1295 )

Solutions: buy from around 1.1280 - 1.1295 to 1.1378

Aleksey Panasenko
FreshForex Analyst
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