Euro. 1.0857-1.09 range | 26 Oktober 2016

26 Oktober 2016, EUR/USD

Daily chart: this pair demonstrates a desire to correct upwards against oversold, but the lower Bollinger band continues to deepen (currently it is at 1.0826 and this level is the target for the sellers).

26102016e1"

H4: a side corridor within the envelope Bollinger band (1.0826-1.0964). ADX is in the active zone, but the corridor can be saved today.

26102016e2"

H1: there is a localized flat range 1.0857-1.0899. ADX is very weak, so you had better trade from price fluctuations within those limits.

26102016e3"

Expectations:So, wait for a decrease in the area of 1.0857 and then rebound towards 1.09

Trading solutions: Sell to 1.0857

Buy from 1.0857 zone to the 1.09.

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.

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Aleksey Panasenko

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