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Flat but it is not boring

15 July 2015, EUR/USD

Daily chart The borrom Bollinger band is aimed to get a new Low, but supports are protected and there is a demand in Euro. Active ADX is not going through a correction though. Movement to the middle band (1.1153) will confirm that bulls control the situation

Flat but it is not boring

Н4: flat range of Bollinger envelopes (1.0942-1.1153)

Flat but it is not boring

Н1: we also have a local flat 1.0980-1.1041

Flat but it is not boring

Expectations: flat 1.0980-1.1041, with a probable upward movement to 1.1153.

Trading decisions

1) We shall buy around 1.0980 to 1.1041, 1.1153 and 1.1380 in the middle run.

Aleksey Panasenko
Analyst of «FreshForex» company
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