EURUSD – UpDaily chart: ragged flat within the bottom Bollinger envelope (1.0929-1.1086). ADX is very weak and corrective, which means there are no prerequisites for changing the situation. Н4: a better shaped horizontal corridor 1.0983-1.1086 Н1: an even better shaped flat range 1.0997-1.1040. If the corridor is broken, bulls will be able to get the price corrected to 1.1086 (See the red arrow). The main scenario – flat 1.0997-1.1040 The alternative scenario – a wider range, 1.10-1.1086 Solutions: purchase to 1.1086 and sale from 1.1086 are both possible. We need to be careful, because borders of the range may not be tested, making setting TakeProfit and Stop Loss orders difficult
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.
