Forex Technical Analysis: Trend potential – A takeoff to 1.12 and a new drop

EURUSD – UpDaily chart: the pair is expressly directed toward the upper Bollinger band (1.1208), and does so on growing ADX Н4: we remember about the bearish pattern Over&Under around 1.12. So far, support is at the middle band (1.1106), from where you can try to buy. Н1: a better shaped support 1.1117 (middle Bollinger band) Expectations: a pullback to 1.1117 followed by a surge to 1.12-1.1208, from where a new phase of drop will begin Solutions: 1. Buy from 1.12 to 1.1117 2. Sell from around 1.1200 – 1.1208
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.