Flat forecast for today

18.05.2021

Daily chart: the pair remains focused on the upper Bollinger band (1.4155), although the overall trend potential remains small. Probably, the market will be flat.

Н4: the pair is trading locally within the upper Bollinger envelope (1.4074-1.4137). There is a very high probability of a downward reversal from the upper border of the range.

Н1: within the day the price grows against the decline in ADX, which also indicates the absence of trend potential. We are waiting for the testing of the 1.4137 zone and a downward reversal to 1.4090.

Conclusions: growth to 1.4137, then decline to 1.4090.
Trading decisions: sales from the 1.4137 zone to 1.4090.