We are expecting flat day on EUR | 16 March 2016
16 March 2016, EUR/USD
Daily chart: tendency of flat decreasing is continuing nearest support line is middle Bollinger line (1.1029), EUR could decrease to this level. We can see repeating of yesterday situation (new minimum without direction moving).
Н4: so flat frame condition is corridor 1.1029-1.1219, with line of turning in area of middle Bollinger line (1.1117)
Н1: flat with narrow range 1.1082-1.1117. Will this corridor be enough for currency? Yesterday it was. All indicators doesn’t show any sings of changing situation.
Expectation: flat 1.1082-1.1117
Trading decisions: sell in this ranges is problem. Be aside from the market before clearing up.
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.
