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A downward correction after rise to 1.1259

09 February 2016, EUR/USD

Daily chart: the pressure from ADX is growing, so we can expect growth of the euro towards resistance 1.1305 and 1.1437

A downward correction after rise to 1.1259

Н4: the local resistance arounf the upper Bollinger band (1.1260) can put the pair under correction to the middle band (1.1153)

A downward correction after rise to 1.1259

Н1: here the pressure remains to 1.1259

A downward correction after rise to 1.1259

Expectations: rise to 1.1259, then correction towards 1.1153

Trading solutions: 1) Buy to 1.1259. 2) Sales from 1.1259 to 1.1153

Aleksey Panasenko
FreshForex Analyst
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