Two scenarios for the euro
08 December 2015, EUR/USD
Daily chart: the price is sliding toward the middle Bollinger band (1.0714).
Н4: some rebound from the middle band (1.0795) have the potential for another upward wave to 1.1057 (Upper Bollinger band. See the blue arrow), but still the day correction pressure gives the chance to test 1.0714
Н1: Intraday flat horizontal channel1.07 95-1.0839
Expectations: The main scenario - flat 1.0795-1.0839. The lternative scenario - decline to 1.0714.
Trading solutions: sale to 1.0714. Under the flat scenario (if there is no possibility to break below 1.0795), it is reasonable to open sales from the area of 1.0839
Aleksey PanasenkoAnalyst of «FreshForex» company
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