Finalization of 1.0930 and then downward correction | 14 Januari 2016

14 Januari 2016, EUR/USD

Daily chart: continued flat within the Bollinger envelopes (1.0775-1.1015)

Finalization of 1.0930 and then downward correction

Н4: intermediate resistance 1.0930 (Upper Bollinger Band).

Finalization of 1.0930 and then downward correction

Н1: confirm resistance in the zone of 1.0930 with active ADX.

Finalization of 1.0930 and then downward correction

Expectations: rise to 1.0930 and then a correction towards 1.0850

Trading solutions: 1) Purchases to 1.0930 2) Sales from 1.0930 to 1.0850

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.

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Aleksey Panasenko

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