Expecting NPF | 08 Juli 2016

Daily chart: the pair is hovering inside the bottom Bollinger envelope. Range is 1.0974-1.1189. It is unknown if this corridor is enough for today's news. But the impulse above 1.1189 will open the potential for growth toward 1.1389 (the upper Bollinger band and (wow!) - exactly 200 points!), whereas the downward bounce from 1.1189 will provide an opportunity to finalizr 1.0974 (blue arrow).

Н4: a well-shaped flat range 1.1031-1.1151. Almost certainly it will be broken by NFP. Though there almost no indicator pressure.

Н1: a similar picture. Euro is "waiting" for the news arounf 1.1049-1.1095, and then, after it determines the direction, will either dash to 1.1189 or fall to 1.1031 and 1.0974.

Expectations: On growth above 1.1095 we expect movement toward 1.1189 and on a rebound from 1.1095, we will be waiting for a drop to 1.0974

Solutions: either omit news, or try your luck around 1.1095 under one of the above described scenarios