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Bears are taking an advantage

23 September 2015, EUR/USD

The daily chart: Bears continue to push the euro down, but strong support in the area of ​​the lower Bollinger band (1.1052) is waiting for the pair

Bears are taking an advantage

Н4: trend pressure on ADX, so support 1.1052 may be under stress

Преимущество у медведей

Н1: oscillator convergence suggests some weakness of sellers. Local support is in the area of ​​1.11

Bears are taking an advantage

Expectations: (The main scenario)

: Decline to 1.11 and bounce to 1.1153

The alternative scenario: Deeper decline to 1.1152 and then bounce up.

solutions:

1) No Buy options, but there is almost no space for Sale as well. However, advantage is on the bears's side, so sale is preferable.

Aleksey Panasenko
FreshForex Analyst
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