manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Log in

A narrow band flat

15 April 2016, EUR/USD

Daily chart: euro continues its steady decline in the direction of the rising bottom Bollinger band (1.1142), where it is likely to face the area of ​​demand and thus support

Н4: a downward movement within the bottom Bollinger envelope (1.1201- 1.1323). We expect the pair on the bottom band, which, moreover, it is a psychological (round) level.

Н1: absolutely calm and flat. The range of Bollinger envelopes is very narrow (1.1250-1.1275). It is a question whether euro will be able to spend all day inside these 25 points. But at the moment it looks that way.

A narrow band flat

Expectations: The main scenario - flat 1.1250-1.1275. The alternative scenario - decline to 1.1201

Trading solutions: we expect the pair to get lower, it may take more than one day to happen

Aleksey Panasenko
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .