A nervous flat is possible | 27 July 2016
27 July 2016, EUR/USD
Daily chart: the pair has entered the flat range 1.0995-1.1060 (bottom Bollinger envelope). ADX is weak and corrective, so probably this trend will continue.
Н4: a better shaped horizontal corridor within the Bollinger envelopes (1.0955-1.1035). But here ADX is very close to the active value, so surprises in the form impulses volatility may be.
Н1: a calm local corridor 1.0976-1.1007
The main scenario - flat 1.0976-1.1007
The alternative scenario - a wider range of 1.0955-1.10345
Trading solutions: I recommend waiting
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
