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Flat day expected

22 October 2015, EUR/USD

The daily chart: flat status remains. We expect touch of support from the middle Bollindger band (1.1288) and upward bounce without further notable movement.

Н4: more localized horizontal channel 1.1319-1.1380

Н1: more localized resistance at 1.1349.

Expectations: 30-points flat 1.1319-1.1349.

solutions: Buy from the zone of 1.1319 based on exit from the flat or on the news, or on another day

Aleksey Panasenko
FreshForex Analyst
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