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Expecting fall to 1.0352

Expecting fall to 1.0352 | 22 February 2017

22 February 2017, EUR/USD

Daily chart: local bullish Over&Under pattern that we discussed yesterday was destroyed, so euro is likely to fall fast towards 1.0352 - ADX trending potential is very strong.

Expecting fall to 1.0352

Н4: there is similar situation: ADX is extremely aggressive, bears have absolute position advantage and are free to start new decline. We expect drop to 1.0352

Expecting fall to 1.0352

Н1: this is the third time frame where buyers are supported by growing ADX and have broken lower Bollinger envelope. All three frames match, so downward movement is almost inevitable.

Expecting fall to 1.0352

Expectations: we expect direct intensive drop to 1.0352 region, where may be substantial rebound.

Solutions:

1. Consider selling to 1.0352

2. Consider buying from 1.0352.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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