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Range from 1.1240 to 1.1335

10 February 2016, EUR/USD

Daily chart: we can see rise area for bulls activity to 1.1431.

Range from 1.1240 to 1.1335

Н4: also we can see bear oscillator divergence. The local support is on 1.1190 (middle Bollinger Line).

Range from 1.1240 to 1.1335

Н1: support and resistance levels became more localized 1.1240\1.1335. ADX is decreasing, so probably pair wouldn’t go upper 1.1335 level.

Range from 1.1240 to 1.1335

Expectation: grow to 1.1335 and then decrease to 1.1240

Trading decisions:

sell from 1.1335 to 1.1240

Aleksey Panasenko
Analyst of «FreshForex» company
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