The pair can relax in flat
21 November 2016, EUR/USD
Daily chart: bears continue to push the euro down against the backdrop of very active ADX, it allows the price to fall deeper towards the next support 1.0500.
Н4:the pair is still within the range of the lower Bollinger envelope (1.0558-1.0678). It is oversold and there are signs of weakening (bullish convergence is observed on smaller frame)
Н1: a flat corridor within Bollinger envelopes (1.0576-1.0628) is caused by weak status of ADX.
Expectations: continuation of the flat in the corridor 1.0576 -1.0628
Solutions: trade in both directions within the range 1.0576-1.0628, but sales are obviously a safer plan than purchases.
Aleksey PanasenkoAnalyst of «FreshForex» company
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