The pair can relax in flat | 21 Noviembre 2016
21 Noviembre 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.
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.
