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Range 1.1051-1.1105

13 July 2016, EUR/USD

Daily chart: the pair has almost tested the middle Bollinger band (1.1152), from where there are only two ways: either to the bottom (1.0957) or the top (1.1356) Bollinger band and both are equally probable.

Н4: a horizontal corridor within Bollinger envelopes (1.1021-1.1105). ADX is suspicious - close to the trendline area without being active.

Н1: a better shaped flat range 1.1051-1.1105 within Bollinger envelopes.

Expectations: flat 1.1051-1.1105

Solutions: skip the day for the "on-the-spot checks"

Aleksey Panasenko
Analyst of «FreshForex» company
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