Analysis method - “Trend Potential”
July 11, 2018
Daily chart: Bulls continue to accumulate trending potential to break the barrier 111.39 at upper Bollinger band. This potential looks limited for the moment, therefore, downward pullbacks can happen
H4: Locally bullish pressure is in place. Break of the 111.39 level (upper Bollinger band) is possible.
Main scenario: Flat in the 110.82-111.39 range.
Alternative scenario: Breakout above 111.39 and growth towards 112.00.
Trading recommendations: Search for buy signals in the 110.82-111.39 area