Upward reversal around 1.1103 - 1.1131 is possible | 31 أغسطس 2016

Daily chart: ADX has moved into an active phase, and this activity can be related to both sellers and buyers. The bottom Bollinger band is at 1.1049 and serves as the target as local structure of the chart remains to be rising.

Н4: also an aggressive trend status ADX. Support is at 1.1103 (bottom Bollinger band, plus the round psychological level)

Н1: and here, in turn, there are signs of an upward reversal (in particular - bullish convergence of the oscillator). The price is sandwiched between the levels of 1.1131 and 1.1182, between which it is likely to be traded.

The main scenario - decline towards 1.1131 and then upward correction to 1.1182

The alternative scenario - decline to 1.1103, then an upward correction

Trading solutions: look for upward signals around 1.1131 and 1.1103