Flat Region of 1.0726-1.0770 | 21 March 2017

21 March 2017, EUR/USD

Daily chart: ADX doesn't support bullish attempts, so bulls are highly likely to face strong resistance around upper Bollinger band (1.0779), which will send the price back down towards 1.0621 (middle Bollinger band).

Flat Region of 1.0726-1.0770

Н4: here we see general rising chart but oscillator shows divergence, that means bulls are weakening. ADX shows very weak trend which makes level of 1.0779 even stronger. In case of price dropping below level of 1.0704, we will see reversal of uptrend.

Flat Region of 1.0726-1.0770

Н1: here we are observing flat region of 1.0726-1.0770, the price is not likely to leave this flat during the day.

Flat Region of 1.0726-1.0770

Expectations: flat day inside the corridor of 1.0726-1.0770.

Solutions: consider selling from 1.0770-1.0779 region towards 1.0726.

Пополнение без комиссий в компании FreshForex

Aleksey Panasenko
FreshForex Analyst
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