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Purchases from the zone 1.09

11 January 2016, EUR/USD

Daily chart: on the background of horizontally based Bollinger envelopes and Friday IB, the price may touch the upper band (1.1039) and a subsequent downward correction is anticipated.

Purchases from the zone  1.09

Н4: local resistance 1.0958 (Upper Bollinger Band), but ADX reached trend values and ​​therefore an upward breakthrough to 1.1039 and downward rollback down to the middle band(1.0833) are equally probable.

Purchases from the zone  1.09

Н1: breakout of the upper envelope. We expect touch of 1.0893, whereupon we shall buy to 1.1039

Purchases from the zone  1.09

Expectations: a downward rollback to 1.0893 zone and then rise to 1.1039

Trading solutions: purchase from 1.09 zone to 1.1039

Aleksey Panasenko
FreshForex Analyst
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