Range of the day 1.1081-1.1156 | 04 Juli 2016
04 Juli 2016, EUR/USD
Daily chart: very weak corrective ADX indicates divergent outlook for the pair. Now the price is exactly in the middle of the lower envelope between the range 1.1017-1.1240, which makes trading problematic
Н4: the price is clamped within the upper envelope (1.1101-1.1151). So far, a northern nature consolidation, whereas some may see here the bearish "flag".
Н1: we confirm the flat corridor 1.1081-1.1156. Local purchases are little better preferred.
Expectations: Now we expected drop to 1.1081-1.1101, from where it may surge to 1.1156
Solutions: purchase from 1.1081 to 1.1156
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.
