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Premarket view on the euro. Analysis of Friday's close

14 December 2015, EUR/USD

Daily chart: the upper Bollinger envelope is under some pressure, but has not yet reached the ADX trend value. Therefore, a downwaed bounce from 1.1030 towards the middle band (1.0748) is probable

Premarket view on the euro. Analysis of Friday's close

Н4: remember that growth comes amid divergence, which also says about the weakened bull front. Local support 1.0945 and 1.0857 (middle and bottom Bollinger bands)

Premarket view on the euro. Analysis of Friday's close

Н1: here ADX parameteres are very weak, so it is based on the sufficient resistance in the 1.1015-1.1035 area. Support is 1.0963 (middle Bollinger band)

Premarket view on the euro. Analysis of Friday's close

Expectations: we are waiting for an unsuccessful attempt to push through the resistance zone 1.1015-1.1035 and then decline to 1.0965, 1.0945, 1.0912

Trading solutions: sale from the zone 1.1015-1.1035 to 1.0965, 1.0945, 1.0912

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FreshForex Analyst
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