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Euro. 1.0857-1.09 range

26 October 2016, EUR/USD

Daily chart: this pair demonstrates a desire to correct upwards against oversold, but the lower Bollinger band continues to deepen (currently it is at 1.0826 and this level is the target for the sellers).


H4: a side corridor within the envelope Bollinger band (1.0826-1.0964). ADX is in the active zone, but the corridor can be saved today.


H1: there is a localized flat range 1.0857-1.0899. ADX is very weak, so you had better trade from price fluctuations within those limits.


Expectations:So, wait for a decrease in the area of 1.0857 and then rebound towards 1.09

Trading solutions: Sell to 1.0857

Buy from 1.0857 zone to the 1.09.

Aleksey Panasenko
Analyst of «FreshForex» company
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