Should 1.0894 be Broken - Expect Shot to 1.10 | 28 March 2017

Daily chart: ADX tends to trend, so the price is likely to continue rising. The last resistance level is upper Bollinger band (1.0894). Should it be broken, bulls will gain more power in mid-term.

Н4: ADX shows aggressive trend that supports bulls. The price may at first touch 1.0811 region (middle Bollinger band), here we have the best point to enter long at a good risk reward ratio.

Н1: two supports levels are at 1.0834 and 1.0863. Each of them may become bullish entry point.

Expectations: attempt to break resistance level at 1.0894 towards 1.10. However, at the same time we may see preliminary rollback to 1.0834.

Trading signals: consider buying from 1.0834 to 1.10.