24 May 2016, EUR/USD
Daily Chart: In the medium run, ADX will enhance its trend activity of with a potential target 1.10817 (strong support zone and promising area of demand for the euro). Local support is at 1.1151 (lower Bollinger band)
Н4: extremely narrow envelopes also anticipates the volatility momentum. But ADX is weak, so the scenario can be delayed until tomorrow.
Н1: another flat frame with the daily range inside Bollinger envelopes (1.1191-1.1226)
Expectations: The main scenario - flat 1.1191-1.1226
The alternative scenario - break down to 1.11
Trading solutions: we do not consider buying, look for sales around 1.1226 area.