Daily flat forecast

01.02.2021

Daily chart: the pair remains in the lower Bollinger envelope, which will contribute to the accumulation of bearish potential towards the 1.2033 zone (lower Bollinger band).

Н4: flat dynamics from the ADX side and stable horizontal Bollinger envelopes restrict the potential volatility of the euro within 65 points (trading range 1.2091-1.2153).

Н1: A much less active day is not excluded. On the hourly chart, the pair is trading flat at 1.2118-1.2145. ADX is in the weak zone, so the flat scenario is the most probable today.

Conclusions: flat in the range 1.2118-1.2145.
Trading decisions: short-term deals in the corridor 1.2118-1.2145.