On currency pair of euro/dollar on the day chart uncertainty as the auctions take place the long period of time in a range 1.2500-1.2900 still remains. Lines of Bollindzhera are narrowed and by that specify in consolidation in the market. At the same time it is necessary to remember that after such "stay" strong movements follow, therefore it is necessary to watch closely situation development.
Technical indicator ADX does not give accurate signals on buying or sale as 13-period+DI was crossed with 13-period-DI, but itself ADX thus falls. Index of the Commodity Channel left oversale zone and raises that specifies in possible growth of euro. At the same time ascending movement constrains strong level of resistance 1.2800/30 which the average line of Bolindzhera is.
On 4 hour chart the symmetric triangle is generated. At present the auctions pass near strong level of support 1.2770 which the average line of Bolindzhera is.
Technical indicator ADX does not give accurate signals on buying or sale as 13-period +DI across 13-period-DI and itself ADX falls. Index of the Commodity Channel does not give accurate signals about a market condition (overbuying or oversale).
In the circumstances is better to remain out of the market and to observe of key support levels and resistance which have been specified above.
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