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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)

Exit of the flat could be delayed

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).

Exit of the flat could be delayed

Н1: very sluggish flat corridor 1.0600-1.0629

Exit of the flat could be delayed

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 Panasenko
Analyst of «FreshForex» company
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