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

04 January 2016, EUR/USD

Daily Chart: ADX is not very active, but it is much easier for the pair to fall to the bottom Bollinger band (1.0702) than to resist it.

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

Н4: active trending downward pressure in the direction of 1.08

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

Н1: many bars outside Bollinger envelopes. It can give a chance for correction in the area of ​​the middle Bollinger band (1.0917), but does not give much chance to buy.

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

Expectations: we are waiting the price to fall to 1.08 and then maybe there will be some correction upwards towards 1.0917, followed by drop of the euro towards 1.07 again (extraday)

Trading solutions: sales to 1.08 and 1.07

Aleksey Panasenko
FreshForex Analyst
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