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Working on euro down

08 June 2015, EUR/USD

Daily chart: two bearish setups are working at once (ponbar and O&U) in the direction of the bottom Bollinger band (1.0818), but potential of decline is not sufficient yet, cause ADX is weak. So we do not exclude a roll of price up.

Working on euro down

Н4: local O&U from 1.1280 presents and in case of upward movement, we wait there to sell.

Working on euro down

Н1: resistance is better shaped at 1.1240.

Working on euro down

Expectations: attack of support 1.1039 with target at 1.0818 (comming days), and a possible pullback to 1.1240.

Trading decisions:

1) Keep sales open to 1.0818.

2) In case of growth to 1.1240, we shall again sell to the same target.

Aleksey Panasenko
Analyst of «FreshForex» company
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