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Narrow flat with the threat of "pins"

Narrow flat with the threat of "pins" | 29 December 2015

29 December 2015, EUR/USD

Daily Chart: ADX is growing, but not it has not reached the trend value yet. We notice focus of the pair to the upper Bollinger band (1.1141), but do not expect hyper-activity in this regard today.

Narrow flat with the threat of "pins"

Н4: the pair is flatting in the upper envelope 1.0949-1.10

Narrow flat with the threat of "pins"

Н1: also flat in the range of 1.0963-1.0985

Narrow flat with the threat of "pins"

Expectations: flat 1.0963-1.0985 , but the market is "thin", therefore, it is able to move down to 1.0949 and up to 1.10.

Trading solutions: no place to trade, but, alternatively, you can try to buy if it moves to 1.0949 (on condition you can an extra signal)

Aleksey Panasenko
FreshForex Analyst
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