Strong Resistance Level in 1.0702 Area | 05 April 2017
05 April 2017, EUR/USD
Daily chart: ADX shows growing trend, which is good for bulls - they want the pair to keep edging higher. However, bulls are not likely to break middle Bollinger band yet (1.0680)
Н4: the pair is aiming to reach upper Bollinger band (1.0702), which is likely to send the pair back down towards 1.0637 (lower Bollinger band)
Н1: here resistance level around 1.0676 (upper Bollinger band) is likely to get broken and the pair may test level of 1.0702.
Expectations: rise to 1.0702 followed by downside rollback to 1.0645.
Trading signals: consider selling from 1.0702 to 1,0645
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.
