Euro. The day may pass in the flat | 27 October 2016
27 October 2016, EUR/USD
Daily chart: the lower Bollinger band dropped even lower and now the goal for sellers is 1.0802. This ADX / RSI is located in a correctional phase, so we can not exclude some pullback up, which would be relevant until the price achieved middle Bollinger band (1.1059).
H4: here we can see a calm state of envelopes and ADX, so the range of Bollinger Bands can be saved today (1.0858-1.0922).
H1: more localized horizontal corridor 1.0889-1.0922 and we can also note the passive state of Bollinger envelope.
Expectations:flat in the range of 1.0889-1.0922, then fall to 1.0802.
Trading solutions: the formation of selling signal in the 1.0922 - 1.0889 to 1.0802.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.
