Trading range 109.57-109.81

25.08.2021

Daily chart: flat in the area of the middle Bollinger band (109.81) continues, and there are no signs of the end of this trend until now. ADX is in the weak zone, continuing to decline.

Н4: the local trading range is clearly sideways and is limited by the size of Bollinger bands (109.57-109.97). These 40 points should be enough for this relatively low volatility instrument.

Н1: we confirm the sideways trend within the day. The pair is supported by the lower Bollinger band (109.57), the resistance is provided by the upper line (109.81).

Conclusions: flat in the range 109.57-109.81.
Trading decisions: short-term deals in the range 109.57-109.81.