Bulls are preparing for Friday's NPF
01 September 2016, EUR/USD
Daily chart: ADX has entered active zone, so bulls can try medium- attack from current levels towards the upper Bollinger band 1.1366.
Н4:the bottom Bollinger band became rounded, plus the bullish convergence oscillator. All these things may indicate an upward reversal towards 1.1246 (Upper Bollinger Band)
Н1: local flat within envelopes (1.1129 - 1.1165), but we also see divergence, which conveys a signal about the northern charge, which is likely to be released on Friday's NFP.
Expectations: And now, we are waiting for flat 1.1147 - 1.1175 (perhaps - to 1.1200) in the framework of expectations of Friday's news
Solutions: purchase is preferable, so we should use any downward correction to search for a buy signal
Aleksey PanasenkoAnalyst of «FreshForex» company
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