Log in

Range of the day 1.1081-1.1156

04 July 2016, EUR/USD

Daily chart: very weak corrective ADX indicates divergent outlook for the pair. Now the price is exactly in the middle of the lower envelope between the range 1.1017-1.1240, which makes trading problematic

Н4: the price is clamped within the upper envelope (1.1101-1.1151). So far, a northern nature consolidation, whereas some may see here the bearish "flag".

Н1: we confirm the flat corridor 1.1081-1.1156. Local purchases are little better preferred.

Expectations: Now we expected drop to 1.1081-1.1101, from where it may surge to 1.1156

Solutions: purchase from 1.1081 to 1.1156

Aleksey Panasenko
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.