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Bulls are preparing for Friday's NPF

Bulls are preparing for Friday's NPF | 01 September 2016

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 Panasenko
FreshForex Analyst
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