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Decline to 1.08

28 January 2016, EUR/USD

Daily chart: the pair is still in the mid-range of flat 1.0783-1.0976

Decline to 1.08

Н4: downward correction towards 1.0851 and 1.0795 (middle and bottom Bollinger band, respectively).

Decline to 1.08

Н1: active ADX, this may mean local trend of bearish activity. We expect a breakdown of support 1.0861 (the bottom Bollinger band)

Decline to 1.08

Expectations: the price will fall to 1.08. Sales can be opened after a rollback to 1.0880

Trading solutions: sales from 1.0880 to 1.08

Aleksey Panasenko
Analyst of «FreshForex» company
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