Forex Technical Analysis: Trend potential – Growth to 1.1341

EURUSD – UpDaily chart: the last day was closed with bullish inside bar, which gives buyers a chance to finalize 1.1381 (Upper Bollinger Band). Since ADX is falling, breakthrough above is not expected. Н4: a better shaped resistance 1.1341 (upper Bollinger band). ADX has not reached the zone trend yet, but is growing rapidly, so reaching 1.1381 is very likely. Н1: trend status of the frame. Buyers dominate, ADX is aggressive and growing, so there is no doubt that today the price will reach 1.1341. On breakthrough of the upper envelope, the market may provide entry point from the middle Bollinger band (1.1287) what will be the “sweetest” point for today. Expectations: Now, we’re waiting the pair at 1.1341. As part of this growth, we may see a preliminary rollback to 1.1287, where we can confidently buy Solutions: buy to 1.1341 (the best possible point – from around 1.1287).
You may check other analytical reviews on the web-site of FreshForex company. Source: