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Euro. The day may pass in the flat

27 October 2016, EUR/USD

Daily chart: the lower Bollinger band dropped even lower and now the goal for sellers is 1.0802. This ADX / RSI is located in a correctional phase, so we can not exclude some pullback up, which would be relevant until the price achieved middle Bollinger band (1.1059).


H4: here we can see a calm state of envelopes and ADX, so the range of Bollinger Bands can be saved today (1.0858-1.0922).


H1: more localized horizontal corridor 1.0889-1.0922 and we can also note the passive state of Bollinger envelope.


Expectations:flat in the range of 1.0889-1.0922, then fall to 1.0802.

Trading solutions: the formation of selling signal in the 1.0922 - 1.0889 to 1.0802.

Aleksey Panasenko
Analyst of «FreshForex» company
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