EURUSD – Up
Daily chart: ADX comes to life but it is far from trend state. It can either mean that break of weekly middle Bollinger band (1.0844) or preliminary downside rollback towards 1.0685 and 1.0577 is possible
Н4: here ADX state is the same. We are observing growth because of bulls’ advantage. Support is localized on middle Bollinger band (1.0685). Euro is not likely to get lower than support level.
Н1: here we can see aggressive trending bullish ADX. Oscillator shows signs of bearish divergence, however, considering such an active ADX it may be safely ignored. Support here is at 1.0742 (middle Bollinger band) which is much higher than on H4 chart.
Expectations: rise towards 1.0844 (possibly following rollback to 1.0742)
Solutions: consider buying towards 1.0844 (the best entry point may be 1.0742)
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