FreshForex - Analytics


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    Flat range 1.1108-1.1161

    Daily chart: the price still can touch the lower Bollinger band (1.1056), but in general bears are calm: envelopes are round, ADX shows correction.

    Н4: signs of the upward reversal - bullish convergence of multiple oscillators. Local resistance is at the upper Bollinger band (1.1191)

    Н1: a little better shaped levels of support and resistance - 1.1108/1.1161. ADX is weak, so the range is relevant for today.

    Expectations: flat 1.1108-1.1161

    Trading solutions: trading within the flat 1.1108-1.1161. Upon that, purchase is better preferred

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