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Slipping to 1.0593 Area

Slipping to 1.0593 Area | 14 March 2017

14 March 2017, EUR/USD

Daily chart: there is technical correction to the downside towards support levels at 1.0953 and 1.0506 (middle and lower Bollinger band). ADX is passive, so this decline would not be treated as downtrend.

Slipping to 1.0593 Area

Н4: here support levels are at 1.0623 (middle Bollinger band) and 1.0519 (lower Bollinger band). If bears break the first support level, they would easily break the other, so bulls are likely to try to protect 1.0623 area.

Slipping to 1.0593 Area

Н1: we are observing falling ADX which indicates slipping towards 1.0623 and 1.0593.

Slipping to 1.0593 Area

Expectations: we expect decline towards 1.0623 and 1.0593. Resistance level is at 1.0658.

Solutions: consider short-term selling to 1.0593.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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