Analysis method - “Trend’s Potential”
July 30, 2018
Daily chart: Major’s tendency for the flat at the area of middle Bollinger band (113.39) preserves.
H4: We note local horizontal mode of trading within Bollinger bands (110.75-111.39).
H1: More narrow side channel, where the pair, probably, will spend the whole today’s trading session - 110.87-111.14 (Bollinger bands). ADX is in an extremely weak area
Expectations: Flat in the 110.87-111.14 range.
Trading recommendations: Trading in the corridor 110.87-111.14.