Range from 1.1240 to 1.1335 | 10 February 2016

10 February 2016, EUR/USD

Daily chart: we can see rise area for bulls activity to 1.1431.

Range from 1.1240 to 1.1335

Н4: also we can see bear oscillator divergence. The local support is on 1.1190 (middle Bollinger Line).

Range from 1.1240 to 1.1335

Н1: support and resistance levels became more localized 1.1240\1.1335. ADX is decreasing, so probably pair wouldn’t go upper 1.1335 level.

Range from 1.1240 to 1.1335

Expectation: grow to 1.1335 and then decrease to 1.1240

Trading decisions:

sell from 1.1335 to 1.1240

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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