Weekly review of three pairs
EUR/USD
Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.
Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.
Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).
Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.
EUR/USD
Monthly chart: the pair had pushed off upper Bollinger band (1.3914) and is apparently moving in the area of medium (1.3105). Nevertheless, we will make a note of an ascending configuration of an upper band, therefore, there is a probability of buyers' attack by breaking of resistance 1.3914 and of a further growth above 41.
Weekly chart: growth had slowed down within the the frames of upper envelope, ADX had turned, so, possible reconfiguration within the range 1.3576-1.3907 is possible.
Day chart: horizontal corridor described by Bollinger bands as ADX is inactive is also an argument for a flat game inside envelopes (blue arrow is the support 1.35, 1.3824 is the resistance).
Conclusion: main scenario is a flat movement 1.35-1.3824. Alternatively, there can be a well-formed bullish flat corridor with support at 1.3576 and resistance at 1.3907.
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