23 March 2017, EUR/USD
Daily chart: bulls keep trying to push the price towards 1.0871 but ADX doesn't support their attempts, so we may expect rollbacks to the downside. ADX shows growing trend, so bulls have positional advantage.
Н4: here we see bearish oscillator divergence which signals weakening of bulls. However, ADX shows aggressive trend, so highs may be renewed today (upside breakout of 1.0830)
Н1: there is flat corridor of 1.0777-1.0812. The pair is likely to stay within the specified corridor today.
Expectations:
Core scenario - upside breakout of 1.0830 followed by rollback to 1.0777 region.
Alternative scenario - flat 1.0777-1.0812.
Solutions: consider buying in 1.0777 region towards 1.0812 and 1.0830.
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