Daily flat forecast

15.03.2021

Daily chart: the pair continues to consolidate in the zone of the middle Bollinger band 1.3916-1.3951. ADX is falling, so this trend will probably continue.

Н4: the local trading range is limited by the size of Bollinger envelopes (1.3862-1.4000). The main area of the congestion is 1.3916-1.3951, where the middle Bollinger lines from three timeframes are located.

Н1: within the day there is a strong resistance zone 1.3944-1.3951 (upper Bollinger band). Probability of movement higher is very low, because there is almost no trend dynamics on the part of the ADX. Therefore, the forecast for the day is flat.

Conclusions: flat in the range 1.3888-1.3951.
Trading solutions: trading in the corridor 1.3888-1.3951.