Growth to 1.1325 | 16 June 2015
16 June 2015, EUR/USD
Daily chart: a condifent inside bar of bulls after pin from the middle Bollinger band - is a strong enough proof to continue growth. But both ADX and Bollinger bands are passive, so we don't expect an impulse growth. Potential has to be accumulated. Extreme growth zone is at 1.1425 (the upper Bollinger band).
.png "Growth to 1.1325")
Н4: better shaped resistance at 1.1325
.png "Growth to 1.1325")
Н1: it is possible that the price will grow to 1.1311-1.1325.
.png "Growth to 1.1325")
Expectations: so, we are waiting for growth to 1.1311-1.1325, but the price can hardly move above. In the middle run, the price potential is based by 100 points higher than at 1.1425.
Trading decisions:
1) We shall buy to 1.1325.
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.
