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

01 سبتمبر 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


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.
Aleksey Panasenko
محلل شركة FreshForex
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