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
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