Daily flat forecast

22.02.2021

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Daily chart: the tendency towards a fall in the trend potential of the pair remained after the opening of trading, so the euro will probably consolidate in the area of the middle Bollinger band (1.2087).

Н4: the downward local phase has space for the development of a bearish wave in the direction of 1.2087 and 1.2024 (middle and lower Bollinger bands).

Н1: a sharp drop in ADX potential on the hourly chart speaks of limited volatility today. Support – 1.2087, resistance – 1.2122.

Conclusions: flat in the range 1.2087-1.2122.
Trading decisions: trading within the corridor 1.2087-1.2122.