Trading range 1.4088-1.4155

07.06.2021

Daily chart: the pair is consolidating in the middle Bollinger band (1.4133-1.4155). The ADX trend potential continues to fall, so the current trend will remain.

Н4: the local descending phase of the market is limited by the support at 1.4088 (lower Bollinger band), from where it will be possible to consider buying again to 1.4145-1.4155.

Н1: we mark intraday support at 1.4122 provoking a rollback of quotes to PPZ 1.4145-1.4155. Probably, we will expect multidirectional price movements between the zones 1.4122-1.4155 and 1.4088-1.4122.

Conclusions: flat in the range 1.4088-1.4155.
Trading decisions: short-term deals in the range of 1.4088-1.4155.