manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Narrow flat with the threat of "pins"

29 December 2015, EUR/USD

Daily Chart: ADX is growing, but not it has not reached the trend value yet. We notice focus of the pair to the upper Bollinger band (1.1141), but do not expect hyper-activity in this regard today.

Narrow flat with the threat of "pins"

Н4: the pair is flatting in the upper envelope 1.0949-1.10

Narrow flat with the threat of "pins"

Н1: also flat in the range of 1.0963-1.0985

Narrow flat with the threat of "pins"

Expectations: flat 1.0963-1.0985 , but the market is "thin", therefore, it is able to move down to 1.0949 and up to 1.10.

Trading solutions: no place to trade, but, alternatively, you can try to buy if it moves to 1.0949 (on condition you can an extra signal)

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .