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Flat range 1.1108-1.1161

Flat range 1.1108-1.1161 | 01 June 2016

01 June 2016, EUR/USD

Daily chart: the price still can touch the lower Bollinger band (1.1056), but in general bears are calm: envelopes are round, ADX shows correction.

Н4: signs of the upward reversal - bullish convergence of multiple oscillators. Local resistance is at the upper Bollinger band (1.1191)

Н1: a little better shaped levels of support and resistance - 1.1108/1.1161. ADX is weak, so the range is relevant for today.

Expectations: flat 1.1108-1.1161

Trading solutions: trading within the flat 1.1108-1.1161. Upon that, purchase is better preferred

Aleksey Panasenko
FreshForex Analyst
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