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Dash on expectations around news and then fall

08 November 2016, EUR/USD

Daily chart: everyone knows what happens: everyone is waiting for result of US elections. From a technical point of view, a perfect option for speculators is dash on expectations to the upper Bollinger band (1.1163) and then an intense drop on Clinton's victory towards 1.1000 and 1.0841 (middle and lower Bollinger bands)

Dash on expectations around news and then fall

Н4: at this local frame, we can notice bearish pattern Over&Under from around 1.1120. That is about 80 points of growth, which may already include expectations.

Dash on expectations around news and then fall

Н1: local ADX/RSI has a trend status in favor of buyers. This justifies growth scenario in the area of 1.1120.

Dash on expectations around news and then fall

Expectations: so, today anything can happen, but we are waiting for growth to ​​1.1120, and then intense decline of euro towards 1.1025 and 1.1000

Solutions:

1. Buy to 1.1120

2. Sales from 1.1120 to 1.1000.

Aleksey Panasenko
Analyst of «FreshForex» company
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