EURUSD – Up
Daily: ADX is growing its potential and so far we cannot link it to the new possible downtrend against yesterday’s broken upward Bollinger envelope. But a rollback to the middle band (1.1048) fits the middle-term bullish scenario.
Н4: a better shaped support from the middle band (1.1182), from where the buyers will try to "hook" the price to 1.1374.
Should this support be broker, this frame can demonstrate a reversal potential.
Н1: local bearish tendency – broken downward Bollinger envelope and traders can open Short trades from the middle band (1.1314) to 1.1182 and probably to 1.1048.
Expectations: pullback to 1.1314 and a new downward to 1.1182.
Solutions: Skip the pullback to 1.1314 and sell to 1.1182
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
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