Range of the day 1.1040-1.1112 | 14 Juli 2016
14 Juli 2016, EUR/USD
Daily chart: the pair is still consolidated within the bottom Bollinger envelope (1.0957-1.1152). The corridor may be extended on the move above the middle band (1.1152). In this case, there will be a way to grow to 1.1356 (the upper band; red arrow).
Н4: a better shaped horizontal channel 1.1018-1.1112 (the range of Bollinger band)
Н1: a better shaped support - 1.1040 (the bottom Bollinger band)
Expectations: decline towards 1.1040 and then an upward bounce towards 1.1112
Solutions: 1. Sales to 1.1040
2. Buy from 1.1040 to 1.1112
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.
