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Moving up

Moving up | 14 December 2016

14 December 2016, EUR/USD

Daily chart: bulls have all the chances to touch upper Bollinger band (1.0758), however, ADX is not in trend yet, so bullish moves can be choppy. Moreover, some important news is expected to be published today.

Moving up

Н4: there is a local bullish trend potential, so buyers will likely break through resistance level 1.0671 (upper Bollinger band) and will move towards 1.0758.

Moving up

Н1: as in previous frame there is a very aggressive bullish ADX. We are expecting the market to move rapidly towards 1.0758.

Moving up

Expectations: we are expecting resistance level 1.0671 breakout and later rapid growth to 1.0758. Only if published news will be negative for dollar, bullish plans will be destroyed.

Solutions: buy around 1.0758.

Aleksey Panasenko
FreshForex Analyst
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