Looking for buying options around 1.11 | 15 Juli 2016
15 Juli 2016, EUR/USD
Daily chart: the pair has almost reached the middle Bollinger band (1.1143) and ADX is interested in what is going on. This means that further upward movement towards 1.1335 (Upper Bollinger Band) is probable. At the same time, of course, the bearish scenario (decline to 1.0951; the blue arrow) can be relevant, too.
Н4: ADX in the active zone, so from support lines 1.1097 or 1.1049 (middle and lower Bollinger bands) a new growth is expected.
Н1: On the local level, the pair is consolidated inside the corridor 1.1097-1.1143, where trading can run. The impulse can be worked on Monday
The main scenario - ascending flat within 1.1097-1.1143
The alternative scenario - a northern impulse to 1.12
Solutions: Buy from around 1.11.
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.
