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A nervous flat is possible

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

Aleksey Panasenko
Analyst of «FreshForex» company
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