Flat with low volatility | 28 March 2016
28 March 2016, EUR/USD
Daily chart: there is a focus on the northern momentum towards 1.1384 (Upper Bollinger Band). ADX has not yet reached the trendline area, whereas we still have the undeveloped support from the middle Bollinger band (1.1092), where a potential area of demand in the euro will be concentrated.
Н4: a local flat corridor within the Bollinger envelope (1.1141 -1.1220). ADX is being adjusted cause we have a "weak" day today.
Н1: we also note the horizontal a flat very narrow corridor 1.1157-1.1172. ADX gives no signs of exit from the flat.
Expectations: sluggish flat with low volatility 1.1157-1.1172
Trading solutions:. no trading
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.
