Check the flat range for today
06 September 2016, EUR/USD
Daily chart: ADX has no interest in what is happening, so we are waiting for continuation of fluctuations inside Bollinger envelopes (1.1062 -1.1364). To be more precise, the price is likely to spend time around the middle band (1.1210)
Н4: a shaped horizontal corridor within Bollinger envelopes (1.1122 - 1.1210). ADX is rising, but it is quite far from the trendline area, so the specified range is relevant for today.
Н1: the trading range for today - 1.1235 - 1.1180. ADX is weak, so the main and basic scenario is flat.
Expectations: so, the pair is likely to continue its flat 1.1135 - 1.1180. There are no technical reasons to leave this band for it
Solutions: either trade inside the corridor 1.1135 - 1.1180 or refraining from opening trades.
Aleksey PanasenkoAnalyst of «FreshForex» company
Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us