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Test of the "North" (1.09) is possible

26 January 2016, EUR/USD

Daily chart: horizontal corridor remains within the envelope Bollinger (1.0771-1.0984)

Test of the "North" (1.09) is possible

Н4: the price has reached an important resistance from the middle Bollinger band (1.0849), with equal probability it can be followed both by drop to 1.0771 (the bottom Bollinger Band) and break above the upper band (1.0920 )

Test of the "North" (1.09) is possible

Н1: dynamics towards 1.0880 remains bullish. Possible support is 1.0824 (middle band).

Test of the "North" (1.09) is possible

Expectations: rise to 1.0880, with a possible preliminary pullback to 1.0824

Trading solutions: buy from 1.0824 to 1.0880

Aleksey Panasenko
Analyst of «FreshForex» company
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