Looking to buying options to 1.15 | 24 June 2016

24 June 2016, EUR/USD

Daily chart: the pair is nearing resistance 1.1435 (upper Bollinger band) on low and non-growing ADX, so the probability of a downward rebound and correction in the direction of the middle band (1.1262)is high

Н4: here, in turn, ADX is in the trend configuration, so we assume that 1.1435 will be under load. This does not exclude the possibility of a downward correction, but we can hardly estimate how strong an upward prick above 1.1435 will be. In simple words, no sales without signal.

Н1:a growing, but still non-trend ADX, therefore, probably, the growth scenario will consist of "Breakthrough of the upper envelope - a return to the middle band (1.1356) - main phase of growth.".

The main scenario – touch of 1.1435 followed by a return to 1.1356 and then to 1.1450, and growth to 1.15

The alternative scenario - a direct surge to 1.15

Trading solutions: purchase from 1.1356 to 1.15.


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.
Aleksey Panasenko
FreshForex Analyst
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