Surge to 1.1375 is possible | 23 June 2016
23 June 2016, EUR/USD
Daily chart: nervous multidirectional fluctuations against corrective ADX parameters, so probably this trend will continue. The range is within the Bollinger envelopes (1.1075-1.1410).
Н4: a better shaped flat corridor 1.1221-1.1375. We also notice weak ADX parameters, so break of this range is not expected.
Н1: active trend local ADX allows to expect surge to 1.1375.
The main scenario - growth to 1.1375
The alternative scenario - return to 1.1280 and start of growth to 1.1375 from there
Solutions: Buy to 1.1375
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.
