Flat forecast

10.06.2021

Daily chart: the pair has broken the bullish inside bar upwards, however, the ADX potential remains at a low level, so no further upward development is expected today. The pair will probably continue accumulating bullish potential near the middle band (109.36).

Н4: the borders of the local sideways range are limited by the size of Bollinger envelopes (109.22-109.67), which retain their horizontal orientation.

Н1: the hourly chart also shows the upward nature of the market structure. However, even here are no signs of a possible impulse development. The trading range will not exceed 35 points (109.36-109.72).

Conclusions: flat in the range 109.36-109.72.
Trading decisions: short-term deals in the range 109.36-109.72.