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Growth towards 1.1488

12 April 2016, EUR/USD

Daily chart: ADX retains a strong trend determination, and the upper Bollinger band is located just above again (1.1488). All these suggests northern scenario for the near future.

Н4:the pair is in the flat range within the Bollinger envelope (1.1357-1.1424). But it is a question whether the price will touch support 1.1357, because ADX is active.

Н1: a more localized area of ​​support for today - the bottom Bollinger band (1.1375). Resistance 1.1436 (Upper Bollinger Band). ADX is quiet, so it is possible that the pair will spend the day in this corridor.

Expectations: now we are waiting for overall growth to 1.1436 and then to 1.1488, but before that it can touch 1.1375

. Trading solutions: purchase from 1.1375 to 1.1436 and 1.1488.

Aleksey Panasenko
Analyst of «FreshForex» company
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