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Range 1.0879-1.0950

18 January 2016, EUR/USD

Daily chart: the pair is in the horizontal corridor 1.0775-1.0993

Range 1.0879-1.0950

Н4: localized support from the middle Bollinger band (1.0879). Resistance is at 1.0950 (the upper band).

Range 1.0879-1.0950

Н1: we confirm the range 1.0879-1.0950.

Range 1.0879-1.0950

Expectations: the price will fall to 1.0879 which will be followed by correction to 1.0918 and possibly to 1.0950.

Trading solutions: if we have buy signal on younger timeframes in the zone of 1.0879, we'll try to buy to 1.0950.

Aleksey Panasenko
FreshForex Analyst
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