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A rest

07 July 2016, EUR/USD

Daily chart: very weak ADX, so the pair is likely to continue wandering inside the bottom Bollinger envelope (1.1001-1.1214), and it is unlikely that it will test borders of this corridor, too.

Н4: a better expressed horizontal range 1.1045-1.1177.

Н1: another well expressed horizontal rangeinside the Bollinger envelopes (1.1067-1.1110)

Expectations: so, we expect flat 1.1067-1.1110

Solutions: in such range, game isn't worth the candle

Aleksey Panasenko
Analyst of «FreshForex» company
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