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Euro corridor for today 1.1356-1.1427

13 April 2016, EUR/USD

Daily chart: every day bulls, on the one hand, develop more and more new highs, on the other hand, they are showing more and more weakness (in particular, the divergence of the oscillator proves that). All these makes touch of the upper Bollinger band (1.1488) and drop to the support - the middle band (1.1288)- to be equally probable plans. Upon reaching 1.1488, sales will be very promising .

Euro corridor for today 1.1356-1.1427

Н4: a flat corridor within the Bollinger envelopes (1.1356-1.1427)

Euro corridor for today 1.1356-1.1427

Н1: we confirm a flat corridor 1.1356-1.1427. ADX is weak, which makes this corridor more reliable.

Euro corridor for today 1.1356-1.1427

Expectations: now we expect flat inside the corridor 1.1356-1.1427

Trading solutions: we consider sales from 1.1427 to 1.1356

Aleksey Panasenko
FreshForex Analyst
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