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Finalization of 1.0930 and then downward correction

14 January 2016, EUR/USD

Daily chart: continued flat within the Bollinger envelopes (1.0775-1.1015)

Finalization of 1.0930 and then downward correction

Н4: intermediate resistance 1.0930 (Upper Bollinger Band).

Finalization of 1.0930 and then downward correction

Н1: confirm resistance in the zone of 1.0930 with active ADX.

Finalization of 1.0930 and then downward correction

Expectations: rise to 1.0930 and then a correction towards 1.0850

Trading solutions: 1) Purchases to 1.0930 2) Sales from 1.0930 to 1.0850

Aleksey Panasenko
Analyst of «FreshForex» company
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