Limited bullish potential

25.02.2021

Daily chart: the pair remains a very strong bullish potential, so there is a high chance of the extremum updating. Meanwhile, we cannot ignore the strongest overbought, which indicates a clear approaching correction.

Н4: the local trading corridor is limited by the upper Bollinger envelope (1.4098-1.4187). Continuation of the multidirectional movements from the boundaries of this range is expected.

Н1: hourly Bollinger envelopes also keep sideways trading in the range of 1.4100-1.4172. ADX showed a sharp drop, which indicates a decrease in the trend potential.

Conclusions: flat in the range 1.4100-1.4187.
Trading solutions: trade in both directions in the range of 1.4100-1.4187.