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Try to purchases to 1.1316

16 June 2016, EUR/USD

Daily chart: Flat scenario around the middle Bollinger band (1.1239) has been entirely justified. ADX is gradually turning up, but it is still far from the trendline, therefore.

Н4: consolidation corridor within Bollinger envelopes (1.1189-1.1316). ADX shows interest about the north.

Н1: breakthrough of the top envelope return to the middle band (1.1223), and then, most likely, the bulls will try to attack zone around 1.1316.

Expectations: a return to support 1.1223 and then rise to 1.1316

Trading solutions: Buy from 1.1223 to 1.1316.

Aleksey Panasenko
FreshForex Analyst
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