A flat day | 30 سبتمبر 2016
30 سبتمبر 2016, EUR/USD
Daily chart: the pair continues to stay within a horizontal (non-directional) channel inside Bollinger envelopes (1.1142-1.1282) and there is no obvious technical reason for this trend to be changed.
Н4: a better shaped flat corridor 1.1192-1.1258 (Bollinger envelopes ). Weak status of ADX confirms lack of trend potential.
Н1: even even a more narrow channel 1.1202-1.1237. All three frames show the flat, so that is relevant for today.
Expectations: a flat sluggish day within the range of 1.1202-1.1237, almost no spot for trading.
Solutions: take a rest or use the corridor 1.1202-1.1237 for short-term trades in both directions.
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.
