Upward potential | 13 ديسمبر 2016

Daily chart: upward pressure is strengthening, but as long as ADX is not in trend, resistance level 1.2750 (upper Bollinger band) would hold. If bulls manage to break this level, there would appear potential of 500-pip upward shift.

Н4: local resistance levels are 1.2693 and 1.2750. However, here we can already notice strong ADX, so it is highly probable that there would be an upward breakout.

Н1: support level is localized in 1.2634 (middle Bollinger band). Here is where the best entry point for buying is.

Expectations: rise towards 1.2750 (prior to that a touch in 1.2634 is possible)

Solutions: wait for a rollback to 1.2634 and buy up to 1.2760.