Narrow flat with the threat of "pins" | 29 December 2015
29 December 2015, EUR/USD
Daily Chart: ADX is growing, but not it has not reached the trend value yet. We notice focus of the pair to the upper Bollinger band (1.1141), but do not expect hyper-activity in this regard today.
Н4: the pair is flatting in the upper envelope 1.0949-1.10
Н1: also flat in the range of 1.0963-1.0985
Expectations: flat 1.0963-1.0985 , but the market is "thin", therefore, it is able to move down to 1.0949 and up to 1.10.
Trading solutions: no place to trade, but, alternatively, you can try to buy if it moves to 1.0949 (on condition you can an extra signal)
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.
