FreshForex - Analytics


    651.25 7.75/10
    60% of positive reviews

    Range of the day 1.1081-1.1156

    Daily chart: very weak corrective ADX indicates divergent outlook for the pair. Now the price is exactly in the middle of the lower envelope between the range 1.1017-1.1240, which makes trading problematic

    Н4: the price is clamped within the upper envelope (1.1101-1.1151). So far, a northern nature consolidation, whereas some may see here the bearish "flag".

    Н1: we confirm the flat corridor 1.1081-1.1156. Local purchases are little better preferred.

    Expectations: Now we expected drop to 1.1081-1.1101, from where it may surge to 1.1156

    Solutions: purchase from 1.1081 to 1.1156

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