Flat range 1.1108-1.1161 | 01 June 2016
01 June 2016, EUR/USD
Daily chart: the price still can touch the lower Bollinger band (1.1056), but in general bears are calm: envelopes are round, ADX shows correction.
Н4: signs of the upward reversal - bullish convergence of multiple oscillators. Local resistance is at the upper Bollinger band (1.1191)
Н1: a little better shaped levels of support and resistance - 1.1108/1.1161. ADX is weak, so the range is relevant for today.
Expectations: flat 1.1108-1.1161
Trading solutions: trading within the flat 1.1108-1.1161. Upon that, purchase is better preferred
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.
