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We shall trade support 1.0896

29 January 2016, EUR/USD

Daily chart: Meanwhile, Bollinger envelopes are stable, but we that ADX is building its capacity in favor of bulls. Medium-term entrance will be enabled by break of the top envelope, we we should do not hurry with entrance.

We shall trade support 1.0896

Н4: return to the area of ​​the middle Bollinger band (1.0888) is very likely, where you can search for upward signals

We shall trade support 1.0896

Н1: a little more localized support 1.0896 (the bottom Bollinger Band)

We shall trade support 1.0896

Expectations: drop to 1.0896 and an upward bounce to 1.0929 and possibly to 1.0963

Trading solutions: buy from 1.0896 to 1.0929 and 1.0963

Aleksey Panasenko
Analyst of «FreshForex» company
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