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Looking for buying options around 1.1378-1.1385

07 April 2016, EUR/USD

Daily chart: So, yesterday ADX openly voted for bulls. Now the main northern potential is concentrated around ​​the upper Bollinger band (1.1471), where euro is expected to be.

Н4: horizontal flat corridor inside Bollinger envelopes (1.1355-1.1416). We will look for the upward entries around the lower wall of ​​the channel (1.1355)

Н1: local support area 1.1378-1.1385 (two hour middle Bollinger Bands). Local resistance - 1.1425 (Upper Bollinger Band).

Expectations: So, in general, we are waiting for surge to 1.1425 and 1.1471, but the price can pre-test at lower levels around 1.1378-1.1385

Trading solutions: look for buying options from 1.1378-1.1385 1.1425 and 1.1471

Aleksey Panasenko
Analyst of «FreshForex» company
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