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Flat 1.0569-1.0633

03 December 2015, EUR/USD

Daily chart: the euro is still forced down against the backdrop of bullish convergence and rounding of the bottom Bollinger envelope. Current support is located at 1.0521 (the bottom band), resistance - on the middle band (1.0690)

Flat 1.0569-1.0633

Н4: flat 1.0555-1.0633

Flat 1.0569-1.0633

Н1: intermediate support from the bottom Bollinger band (1.0569)

Flat 1.0569-1.0633

Expectations: the price would fall to 1.0569 and bounce up towards 1.0633 within the flat. Trading solutions: 1) Sales to 1.0569 2) Buy from 1.0569 to 1.0633 (it is desirable to wait for a Buy signal on younger frames)

Aleksey Panasenko
FreshForex Analyst
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