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Should 1.0894 be Broken - Expect Shot to 1.10

Should 1.0894 be Broken - Expect Shot to 1.10 | 28 March 2017

28 March 2017, EUR/USD

Daily chart: ADX tends to trend, so the price is likely to continue rising. The last resistance level is upper Bollinger band (1.0894). Should it be broken, bulls will gain more power in mid-term.

Should 1.0894 be Broken - Expect Shot to 1.10

Н4: ADX shows aggressive trend that supports bulls. The price may at first touch 1.0811 region (middle Bollinger band), here we have the best point to enter long at a good risk reward ratio.

Should 1.0894 be Broken - Expect Shot to 1.10

Н1: two supports levels are at 1.0834 and 1.0863. Each of them may become bullish entry point.

Should 1.0894 be Broken - Expect Shot to 1.10

Expectations: attempt to break resistance level at 1.0894 towards 1.10. However, at the same time we may see preliminary rollback to 1.0834.

Trading signals: consider buying from 1.0834 to 1.10.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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