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Flat in the range 1.0866-1.0937

22 December 2015, EUR/USD

Daily chart: rebound from the middle Bollinger was predictable, but we see passive ADX, so probably tha pair would fall into the area of the middle band (1.0812) again prior to a further growth.

Flat in the range 1.0866-1.0937

Н4: horizontal envelopes, IB from the upper Bollinger band - everything speaks for a decline in area of ​​1.08 (the bottom Bollinger band)

Flat in the range 1.0866-1.0937

Н1: drop takes place within the framework of technical correction, therefore, support in the area of ​​the two middle Bollinger bands (1.0866-1.0887) is possible. Resistance 1.0937 (Upper Bollinger Band)

Flat in the range 1.0866-1.0937

Expectations: drop in the zone 1.0866-1.0887 and then a surge towards 1.0937

Trading solutions: purchase from 1.0866-1.0877 to 1.0937

Aleksey Panasenko
Analyst of «FreshForex» company
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