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Flat 1.1189-1.1256

01 September 2015, EUR/USD

The daily chart: the middle Bollinger band predictably showed strength as support (1.1151), forming the inside bar yesterday, which has the potential to move into the zone of the upper band (1.1524). ADX is weak, so flat preparation is possible for upper movement.

Flat 1.1189-1.1256

Н4: we confirm our support 1.1151 (possibly with even one-touch). Two resistance - 1.1256 and 1.1376 (the middle and upperBollinger bands (respectively)

Flat 1.1189-1.1256

Н1: inactive ADX, so waiting for the pair under the envelopes - 1.1189-1.1256

Flat 1.1189-1.1256

Expectations: upward flat 1.1189-1.1256


1) We buy from the 1.1189 to 1.1256

Aleksey Panasenko
Analyst of «FreshForex» company
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