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Decline of the euro to 1.0816

15 January 2016, EUR/USD

Daily chart: the pair is in the horizontal range 1.0775-1.1001

Decline of the euro to 1.0816

Н4: local resistance is at 1.0904 (Upper Bollinger Band). Support is at 1.0816 (the bottom band).

Decline of the euro to 1.0816

Н1: we also notice flat trading range, but with growing ADX I would not consider purchases at all.

Decline of the euro to 1.0816

Expectations: flat corridor 1.0816-1.0904

Trading solutions: sale to 1.0815

Aleksey Panasenko
FreshForex Analyst
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