Purchases from the zone 1.09 | 11 January 2016
11 January 2016, EUR/USD
Daily chart: on the background of horizontally based Bollinger envelopes and Friday IB, the price may touch the upper band (1.1039) and a subsequent downward correction is anticipated.
Н4: local resistance 1.0958 (Upper Bollinger Band), but ADX reached trend values and therefore an upward breakthrough to 1.1039 and downward rollback down to the middle band(1.0833) are equally probable.
Н1: breakout of the upper envelope. We expect touch of 1.0893, whereupon we shall buy to 1.1039
Expectations: a downward rollback to 1.0893 zone and then rise to 1.1039
Trading solutions: purchase from 1.09 zone to 1.1039
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.
