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Premarket view on the euro. Analysis of Friday's close

25 January 2016, EUR/USD

Daily Chart: support in the area of ​​the bottom Bollinger band (1.0775) is unlikely to be under a heavy load, as ADX is passive. There is a chance of a rollback to the middle band ( (1.0869)

Premarket view on the euro. Analysis of Friday's close

Н4: reaffirm support area (1.0775), although ADX there is suspicious. However, before trending zone there is still a room, so an upward rebound is possible.

Premarket view on the euro. Analysis of Friday's close

Н1: a local rollback is possible to the area of ​​the middle Bollinger band(1.0824)

Premarket view on the euro. Analysis of Friday's close

Expectations: The main scenario - an upward rebound to 1.0824 and then finalization of 1.0775, with a further upward rebound. The alternative scenario - a direct fall to 1.0775, then correction to 1.0861

Trading solutions: 1) Sales from 1.0824 to 1.0775 2) Buy from 1.0775 to 1.0861

Aleksey Panasenko
FreshForex Analyst
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