We should sell from around 1.0885

19 January 2016, EUR/USD

Daily chart: Flat status of the frame. The range is 1.0775-1.0993, this is where the pair will be in the next few days.

We should sell from around 1.0885

Н4: some bearish pressure. Support - 1.0845 (the bottom Bollinger band). If it is broken, it will be possible to enter into sales from the middle band (1.0885) to 1.0775.

We should sell from around 1.0885

Н1: a similar situation in a nutshell. The bottom envelope is broken. ADX is getting more active, we can go down from 1.0885

We should sell from around 1.0885

Expectations: So, we wait for an upward rollback to 1.0885 followed by decline to 1.0845 and an eye on 1.0775 (extratraday).

Trading solutions: sell from 1.0885 to 1.0775

Aleksey Panasenko
FreshForex Analyst
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