Buy from 1.1031 to 1.11 | 28 Juli 2016
28 Juli 2016, EUR/USD
Daily chart: ADX is weak, but growing. The pair shows a desire to go to the upper envelope, and today's goal is the upper Bollinger band (1.1157)
Н4: the fourth bar outside the envelope - it is the time of correction. Support is at 1.1002 (middle Bollinger band plus round level). A direct surge to 1.1157 and a preliminary rollback to 1.1002 are equally probable (see the red arrow)
Н1: just a little better shaped support - 1.1031 (middle Bollinger band), resistance - 1.1097 (upper band)
Expectations: decline towards 1.1031 and then rise to the 1.1097
Solutions: purchase from 1.1031 to 1.1097
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.
