Daily flat forecast

16.03.2021

Daily chart: euro keeps targeting the lower Bollinger band (1.1829). Meanwhile, against the background of a weak ADX, the market may have flat dynamics. The potential selling area is 1.1925-1.1944, where the hourly Bollinger averages are located.

Н4: local Bollinger envelopes keep the horizontal trend within the range of 1.1901-1.1985. Going beyond these boundaries is unlikely.

Н1: a low trend potential is also noted within the day, which will contribute to remaining the sideways trend in the corridor 1.1915-1.1937.

Conclusions: flat in the range 1.1915-1.1937.
Trading decisions: short-term deals in the corridor 1.1915-1.1937.