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Flat continues

09 August 2016, EUR/USD

Daily chart: scenario of the flat around the middle Bollinger band (1.1086) has been justified, and there are no signs that this trend is getting to be directional

Н4: the pair is being traded inside bottom Bollinger envelope (1.1053-1.1122), and also note the corrective ADX

Expectations: flat inside the corridor 1.1074-1.1102

Solutions: skip trading until things get more certain.

Aleksey Panasenko
FreshForex Analyst
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