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A calm 35 points' range

14 September 2016, EUR/USD

Daily chart: flat: the price is rotating around the axis 1.1240 (middle Bollinger band). ADX does not change its status, so this trend will be continued today. Bollinger bands are stable.

Н4: a horizontal corridor inside Bollinger envelopes (1.1204 - 1.1270). ADX is also weak and corrective. There is also an obvious upward bounce from the bottom band in the form of the inside bar, so surge to the upper border of the flat (1.1270) is likely.

Н1: another very weak flat frame with a much more localized resistance level - 1.1240 (the upper band Bollinger). It is up to you to decide whether to trade in this 35 points' range, but in general this is a non-trading situation.

Expectations: So, we expect a sluggish flat within the corridor 1.1204-1.1240

Solutions: either omit a day or try to trade in both directions in the M5-M15 corridor 1.1204-1.1240.

Aleksey Panasenko
Analyst of «FreshForex» company
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