Flat potential

27.05.2021

Daily chart: the pair is in the stage of correction, which may lead to testing the middle Bollinger band (1.4059) today. The Upper Bollinger Band is still quite high, which indicates a high probability of an upward rebound.

Н4: the local decline was stopped at the support 1.4100, from where the quotes are now correcting in the direction of the resistances 1.4144 and 1.4186. ADX potential is very low, which indicates low volatility.

Н1: the intraday trading range will be limited by the size of Bollinger envelopes (1.4100-1.4131). On all timeframes, there is a flat ADX dynamics, which also indicates a flat forecast for the day.

Conclusions: flat in the range of 1.4100-1.4131.
Trading decisions: short-term deals in the corridor 1.4100-1.4131.