A rest | 07 Juli 2016
07 Juli 2016, EUR/USD
Daily chart: very weak ADX, so the pair is likely to continue wandering inside the bottom Bollinger envelope (1.1001-1.1214), and it is unlikely that it will test borders of this corridor, too.
Н4: a better expressed horizontal range 1.1045-1.1177.
Н1: another well expressed horizontal rangeinside the Bollinger envelopes (1.1067-1.1110)
Expectations: so, we expect flat 1.1067-1.1110
Solutions: in such range, game isn't worth the candle
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.
