FreshForex - Analytics


    621.75 7.75/10
    65% of positive reviews

    Purchases to 1.0921 and possibly to 1.0976

    Daily chart: the pair is still in the mid-range of 1.0775-1.0976 flat. ADX speaks for finalization of the upper wall of the channel, but has not reached a trend value yet.

    Н4: Here, as we can seen, ADX closely approached the trendline area, so a break of the top envelope and impulse to 1.0976 are very likely.

    Н1: a similar picture. Intermediate resistance 1.0921

    Scenarios: The main scenario - rise to 1.0976 and then a downward roll back

    The alternative scenario - a more moderate growth to 1.0921 followed by a downward roll back.

    Trading solutions: purchase to 1.0921 and 1.0976

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