Flat Day | 31 January 2017
31 January 2017, EUR/USD
Daily chart: considering passive ADX it's no use in expecting any sharp shifts today. The price is consolidated inside upper Bollinger envelope (1.0626-1.0823), and it seems that it will stay there the whole day.
Н4: more localized flat corridor is 1.0645-1.0748 (Bollinger envelopes borders). ADX is weak and corrective.
Н1: that the third chart indicating that the pair stays in flat. It is likely to stay today within 1.0645-1.0726 range edging towards middle Bollinger band (1.0686)
Expectations: we expect flat in corridor 1.0645-1.0726
Solutions: trading from the borders of 1.0645-1.0726 corridor
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.
