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The day can be "boring"

The day can be "boring" | 08 September 2016

08 September 2016, EUR/USD

Daily chart: the flat around the middle Bollinger band (1.1242). ADX remains in the weak zone on decline, a this trend is expected to continue.

The day can be "boring"

Н4: local support is around 1.1200 (middle Bollinger band). ADX is rising, but it is quite far from the trendline area. The resistance will be met at 1.1277 (upper Bollinger band)

Н1: a local flat corridor looks very bleak for opening any transactions today: 1.1231 - 1.1254. Bollinger bands are stable and horizontal, ADX is growing, but is also far from a "strong" area, so there is a high probability that the specified range will be maintained throughout the day.

Expectations: flat in the range of 1.1231-1.1254

Solutions: if the flat scenario comes true (there are all signs of that), we shall rest without trades

Aleksey Panasenko
FreshForex Analyst
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