Test of 1.0819 and pullback | 13 January 2016

13 January 2016, EUR/USD

Daily chart: horizontal range of the Bollinger envelopes (1.0763-1.1015) tending to decline.

Test of 1.0819 and pullback

Н4: more localized support 1.0819 (the bottom Bollinger Band).

Test of 1.0819 and pullback

Н1: this chart also has a flat status, corridor 1.0819-1.0893.

Test of 1.0819 and pullback

Expectations: drop to 1.0819 and upward bounce to 1.0860

Trading solutions: sales are preferred but, in case of correction, it is better not to be greedy about profit.

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

FreshForex Analyst

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