Growth to 1.1380 is possible | 07 October 2015
07 October 2015, EUR/USD
The daily chart: a continued flat within the horizontal range of Bollinger envelopes (1.1113-1.1380)
.png "Growth to 1.1380 is possible 1.1380")
Н4: an apparent northern acceleration of the pair with almost activeADX. This may indicate readiness to penetrate resistance 1.1286 and rising of the euro to 1.138
.png "Growth to 1.1380 is possible")
Н1: active trend ADX, but there is some overboughtness, therefore trading in the upper envelope (1.1225-1.1294)possible before the upward impulse.
.png "Growth to 1.1380 is possible")
Expectations: Growth to 1.1380 is possible. Before that, a oullback to 1.1225 is possible
solutions:
1) Buy to 1.1380. The best possible entry point 1.1225
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.
