EURUSD – UpDaily chart: trading continues within the horizontal channel 1.1147 – 1.1285 (the range of Bollinger envelopes). Now the pair is in its downward phase, so we expect a decline to 1.1147. But the flat does not mean an often touch of its borders, so we should not be greedy about possible profit. Н4: a very active trend ADX, which can also mean readiness of bears to attack the lower envelope and reach 1.1147. Н1: to some extend, the pair is oversold but here ADX is aggressively growing, so we expect a fall by 50 points. Expectations: drop to 1.1147 and then an upward bounce Solutions: sales to 1.1147 and then we can look for buy signals in this area.
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