Bulls retain control | 17 August 2016
17 August 2016, EUR/USD
Daily chart: still a strong bullish pressure from ADX/RSI, which allows buyers to continue to attack up to a strong resistance 1.1417.
Н4: a similar picture, but the pair is oversold here. ADX in a very active area, so we consider no sales.
Н1: correction to the middle Bollinger band (1.1244) can be, from where we wait for growth once again.
The main scenario - growth to 1.1417 (possibly - after touch of 1.1244 zone) < p> The alternative scenario - a significant correction (to 1.1181), from where the pair will grow again
Trading solutions: buy to 1.1417 (the best possible option - from the 1.1244 zone).
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.
