A new start of surge is possible | 03 أغسطس 2016
03 أغسطس 2016, EUR/USD
Daily chart: very active trend ADX is in favor of buyers. On breakthrough of the upper envelope a certain downward rollback is possible. The targets for this week - 1.1335 and 1.1400
Н4: local support is at 1.1167 (middle Bollinger band), resistance is at 1.1256 (upper band)
Н1: the trading range inside Bollinger envelopes (1.1194 - 1.1231). ADX is also in the active zone, so growth may start from current levels.
The main scenario - surge from the current levels to 1.1231 and 1.1256 (with an eye to 1.1335)
The alternative scenario - a downward rollback to 1.1167, and then beginning of growth
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
