Consumer prices in Germany rose by 0.3% in June 2016 compared with June 2015. The inflation rate as measured by the consumer price index increased slightly for the second consecutive month. This year, a slightly higher rate than in June 2016 was mea…

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Trading recommendations:Buy above 1.4520Take profit at 1.5240Stop loss at 1.4000The material has been provided by InstaForex Company – www.instaforex.com

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USDJPY – Down

Daily chart: the pair has closely come to the middle Bollinger band (103.33), from which there are only two ways – either down to 100.07 (the lower Bollinger band, blue arrow), or up to 106.83 (the upper band, red arrow)

Н4: multiple bars outside envelopes anticipate a correction to 101.35 (middle Bollinger band)

Н1:a similar situation. Support is at the lower Bollinger band (100.92)

Expectations: drop from current levels to 100.92-101.35

Solutions: sale to 101.00.

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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GBPUSD – Flat

Daily chart: the pair is in the middle of the bottom range of envelopes, which complicates search for the best Sell entry points (in terms of stops). The lower Bollinger band fell by more than 100 points, so bears have excellent chances.

Н4: a horizontal consolidation within Bollinger envelopes (1.2895-1.3019)

Н1: we confirm a flat corridor 1.2895-1.3019

Expectations: a descending flat 1.2895-1.3019

Solutions: sell to 1.2895 (1.2339 in the medium-term).

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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EURUSD – Up

Daily chart: pressure from ADX is growing. So far we are based on readiness of the price for the new fall towards 1.0957 (the bottom Bollinger band). It is better to enter down from around the middle band (1.1164), if, of course, such a correction will happen.

Ready for a deeper decline

Н4: a calm horizontal corridor 1.1023-1.1107 (Bollinger envelopes are yellow)

Ready for a deeper decline

Н1: a bearish pinbar from the upper Bollinger Band may indicate a weakness of bulls and the possibility of decline to 1.1023 (the lower Bollinger band).

Ready for a deeper decline

Expectations: decline to 1.1023 and maybe toward 1.0957

Solutions: sales to 1.1023 and 1.0957

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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