Flat day expected | 08 October 2015
08 October 2015, EUR/USD
The daily chart: the Euro-market continues to preserve flat in the horizontal corridor 1.1113-1.1372
.png "Flat day expected")
Н4: more localized range 1.1171-1.1291 with some (but very noticeable) tieback from the bottom up
.png "Flat day expected")
Н1: intraday we can have a rather sluggish 50-point flat within 1.1224-1.1278 (Bollinger envelopes).
.png "Flat day expected")
Expectations: So, the most likely scenario is a flat within 1.1224-1.1278
Expectations: Solutions:
1) Buy from 1.1224 with the target 1.1278 or with expectation of medium-term growth after leaving the flat
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.
