Purchases to 1.0921 and possibly to 1.0976 | 27 January 2016
27 January 2016, EUR/USD
Daily chart: the pair is still in the mid-range of 1.0775-1.0976 flat. ADX speaks for finalization of the upper wall of the channel, but has not reached a trend value yet.
Н4: Here, as we can seen, ADX closely approached the trendline area, so a break of the top envelope and impulse to 1.0976 are very likely.
Н1: a similar picture. Intermediate resistance 1.0921
Scenarios: The main scenario - rise to 1.0976 and then a downward roll back
The alternative scenario - a more moderate growth to 1.0921 followed by a downward roll back.
Trading solutions: purchase to 1.0921 and 1.0976
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.
