Flat Day | 31 Januari 2017

31 Januari 2017, EUR/USD

Daily chart: considering passive ADX it's no use in expecting any sharp shifts today. The price is consolidated inside upper Bollinger envelope (1.0626-1.0823), and it seems that it will stay there the whole day.

Flat Day

Н4: more localized flat corridor is 1.0645-1.0748 (Bollinger envelopes borders). ADX is weak and corrective.

Flat Day

Н1: that the third chart indicating that the pair stays in flat. It is likely to stay today within 1.0645-1.0726 range edging towards middle Bollinger band (1.0686)

Flat Day

Expectations: we expect flat in corridor 1.0645-1.0726

Solutions: trading from the borders of 1.0645-1.0726 corridor

Aleksey Panasenko
Analis perusahaan "FreshForex"
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