Flat 1.1200 - 1.1240 | 29 سبتمبر 2016
29 سبتمبر 2016, EUR/USD
Daily chart: the flat channel 1.1135-1.1282 (Bollinger envelopes), rotating around the middle Bollinger band (1.1220). ADX is weak and corrective, so we are waiting for continuation of this trend.
Н4:a better shaped horizontal corridor 1.1197-1.1259 (Bollinger envelopes). It is similar to the daily chart and conclusions are the same.
Н1: support is at (lower Bollinger band, plus round psychological level). Resistance is better shaped - 1.1240 (upper Bollinger band)
Expectations:drop to 1.1197 and then rise to 1.1240
Solutions: look for buying options in the area 1.1197 and take profit around 1.1240.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
