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Test of 1.0819 and pullback

13 January 2016, EUR/USD

Daily chart: horizontal range of the Bollinger envelopes (1.0763-1.1015) tending to decline.

Test of 1.0819 and pullback

Н4: more localized support 1.0819 (the bottom Bollinger Band).

Test of 1.0819 and pullback

Н1: this chart also has a flat status, corridor 1.0819-1.0893.

Test of 1.0819 and pullback

Expectations: drop to 1.0819 and upward bounce to 1.0860

Trading solutions: sales are preferred but, in case of correction, it is better not to be greedy about profit.

Aleksey Panasenko
Analyst of «FreshForex» company
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