Exit of the flat could be delayed
27 November 2015, EUR/USD
Daily chart: on the background of yesterday's Thanksgiving absolutely nothing happened and, therefore, absolutely nothing has changed. We continue to watch the bull convergence (which can reverse the trend upward) and the bottom Bollinger band (which shows that further break of 1.05 is possible)
Н4: also bullish n convergence of the oscillator and movable ADX. Active zone has not been reached yet, so we are waiting for a rebound from the bottom Bollinger band (1.0591) towards the upper band (1.0668).
Н1: very sluggish flat corridor 1.0600-1.0629
Expectations: The main scenario - rebound from 1.0591 to 1.0668. The alternative scenario - flat 1.0600-1.0629.
Trading solutions: looking for buy signals from the zone of 1.0591
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us