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The pair can relax in flat

The pair can relax in flat | 21 November 2016

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.

The pair can relax in flat

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)

The pair can relax in flat

Н1: a flat corridor within Bollinger envelopes (1.0576-1.0628) is caused by weak status of ADX.

The pair can relax in flat

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 Panasenko
FreshForex Analyst
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