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A flat day

30 September 2016, EUR/USD

Daily chart: the pair continues to stay within a horizontal (non-directional) channel inside Bollinger envelopes (1.1142-1.1282) and there is no obvious technical reason for this trend to be changed.

A flat day

Н4: a better shaped flat corridor 1.1192-1.1258 (Bollinger envelopes ). Weak status of ADX confirms lack of trend potential.

A flat day

Н1: even even a more narrow channel 1.1202-1.1237. All three frames show the flat, so that is relevant for today.

Expectations: a flat sluggish day within the range of 1.1202-1.1237, almost no spot for trading.

Solutions: take a rest or use the corridor 1.1202-1.1237 for short-term trades in both directions.

Aleksey Panasenko
FreshForex Analyst
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