Trading within Lower Bollinger Envelope on H1 Chart | 14 April 2017
14 April 2017, EUR/USD
Daily chart: the pair has confirmed flat scenario failing to touch middle Bollinger band (1.0699). Support level is still at 1.0543 (lower Bollinger band).
Н4: more narrow flat corridor is within Bollinger envelopes range (1.0565-1.0665). ADX parameters are growing but not trending yet. So the price is not likely to leave this corridor today.
Н1: ADX shows aggressive trend, but it is at its highest, so trend will weaken soon. Strong support/resistance levels are in 1.0594-1.0635 (lower Bollinger envelope)
Expectations: flat within 1.0594-1.0635
Trading signals: trading within 1.0594-1.0635
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.
