Flat Day Expected

By Alexey Panasenko of freshforex.com
Thursday, October 8, 2015 5:25 AM EDT

The daily chart: the Euro-market continues to preserve flat in the horizontal corridor 1.1113-1.1372

Click on picture to enlarge

Flat day expected

Н4: more localized range 1.1171-1.1291 with some (but very noticeable) tieback from the bottom up

Flat day expected

Н1: intraday we can have a rather sluggish 50-point flat within 1.1224-1.1278 (Bollinger envelopes).

Click on picture to enlarge

Flat day expected

Expectations: So, the most likely scenario is a flat within 1.1224-1.1278

Expectations: Solutions:

1) Buy from 1.1224 with the target 1.1278 or with expectation of medium-term growth after leaving the flat.

Disclosure: None.

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