We shall trade support 1.0896 | 29 January 2016
29 January 2016, EUR/USD
Daily chart: Meanwhile, Bollinger envelopes are stable, but we that ADX is building its capacity in favor of bulls. Medium-term entrance will be enabled by break of the top envelope, we we should do not hurry with entrance.
Н4: return to the area of the middle Bollinger band (1.0888) is very likely, where you can search for upward signals
Н1: a little more localized support 1.0896 (the bottom Bollinger Band)
Expectations: drop to 1.0896 and an upward bounce to 1.0929 and possibly to 1.0963
Trading solutions: buy from 1.0896 to 1.0929 and 1.0963
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.
