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Closing the week is boring

23 September 2016, EUR/USD

Daily chart: nothing has changed: euro is still within Bollinger envelopes (1.1125-1.1285). ADX is very passive, so basically the price will fluctuate around the middle band (1.1207)

Closing the week is boring

Н4: the price has broke through the upper Bollinger envelope, so the basic expectation is a surge after a secondary touch of the band (1.1181). Resistance lines are around 1.1240 zone and 1.1285.

Closing the week is boring

Н1: under the frame, there is the flat within the corridor 1.1181-1.1240. ADX is in the active zone, but is correcting, so exit from this corridor is not expected.

Closing the week is boring

Expectations: closing the week is boring inside the corridor 1.1181-1.1240. Impulse rebuilding are expected the next week

Trading solutions: trade in both directions in the corridor 1.1181 - 1.1240

Aleksey Panasenko
Analyst of «FreshForex» company
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