Range 1.1051-1.1105 | 13 Juli 2016
13 Juli 2016, EUR/USD
Daily chart: the pair has almost tested the middle Bollinger band (1.1152), from where there are only two ways: either to the bottom (1.0957) or the top (1.1356) Bollinger band and both are equally probable.
Н4: a horizontal corridor within Bollinger envelopes (1.1021-1.1105). ADX is suspicious - close to the trendline area without being active.
Н1: a better shaped flat range 1.1051-1.1105 within Bollinger envelopes.
Expectations: flat 1.1051-1.1105
Solutions: skip the day for the "on-the-spot checks"
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.
