Log in

Flat corridor 1.1111-1.1160

07 September 2015, EUR/USD

The daily chart: the pair is in the mid-range of Bollinger envelopes, that, along with low ADX, makes scenario of movement to the upper band (1.1505) and the bottom band (1.0858) equally probable. Yet another option might be a rotation of the price around the middle band (current levels). Such set of scenarios does not allow to make specific trading solutions, so let's check younger charts.

Flat corridor 1.1111-1.1160

Н4: we also have insufficient parameters of ADX here, support is at the lower Bollinger band (1.1071) resistance is on the middle band (1.1219)

Flat corridor 1.1111-1.1160

Н1: Flat corridor 1.1111-1.1160.

Flat corridor 1.1111-1.1160

Expectations: Now therefore, we expect a flat day within the range of 1.1111-1.1160.

Solutions: 1) Trade within the channel 1.1111-1.1160. Purchase looks more safe.

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.