As presupposed before the price still stays tighten within the narrow range, the exercise targeting the breakage as for the support at 1.4340/30 having been noticed in the previous analysis wasn’t successful; the prices resides at 1.43680/90. No significant changes have happened, and the before mentioned predictions stay in force – the support breakage at 1.4340/30 will cause the high probability of the comeback to the levels of 1.4230/50. The trend’s alternation will become the pressing topic in case of the resistance breakage at 1.4510/20. The indicators’ values abandon themselves to the preferences of the “bulls” nature; however, they don’t determine any distinct and clear picture still yet and enforce the ambiguity even more.

   The best variant for the current situation will obviously be staying out of the market.

Analysis prepared by:

Arkady Nagiev
Forex4you analyst