Trading range 1.3878-1.3909

03.08.2021

Daily chart: the pair is trading down within the upper Bollinger envelope against the background of falling ADX indicators. Probably, the tendency to flat or the continuation of the downward correction will persist in such conditions.

Н4: very low trend dynamics from the ADX side limits possible volatility by the size of the lower Bollinger envelope (1.3863-1.3923).

Н1: the hourly chart also confirms the flat forecast for the day. The price is unlikely to leave the Bollinger envelopes today (range 1.3878-1.3909), as evidenced by the low potential of the ADX.

Conclusions: flat in the range 1.3878-1.3909.
Trading decisions: short-term deals in the corridor 1.3878-1.3909.