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We are expecting flat day on EUR

16 March 2016, EUR/USD

Daily chart: tendency of flat decreasing is continuing nearest support line is middle Bollinger line (1.1029), EUR could decrease to this level. We can see repeating of yesterday situation (new minimum without direction moving).

 We are expecting flat day on EUR

Н4: so flat frame condition is corridor 1.1029-1.1219, with line of turning in area of middle Bollinger line (1.1117)

 We are expecting flat day on EUR

Н1: flat with narrow range 1.1082-1.1117. Will this corridor be enough for currency? Yesterday it was. All indicators doesn’t show any sings of changing situation.

 We are expecting flat day on EUR

Expectation: flat 1.1082-1.1117

Trading decisions: sell in this ranges is problem. Be aside from the market before clearing up.

Aleksey Panasenko
FreshForex Analyst
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