Trading range 1.1741-1.1782

26.08.2021

Daily chart: no rebound from the middle Bollinger band (1.1780) has occurred yet, and the bears are showing persistent attempts to break into the upper envelope territory. It will not be easy for them to do this, as evidenced by the low trend potential of the ADX indicator.

Н4: locally, in the 1.1780 zone, there is also not enough bullish pressure from the ADX. The euro quotes will probably roll back to the middle (1.1747).

Н1: so, the forecast for the day is flat within the Bollinger envelopes (1.1741-1.1782). There are no ADX trend characteristics on all timeframes.

Conclusions: flat in the range 1.1741-1.1782.
Trading decisions: short-term deals in the range 1.1741-1.1782.