Flat forecast

31.08.2021

Daily chart: the pair entered flat in the area of the middle Bollinger band (109.83) and, probably, will remain there – the activity of the ADX indicator corresponds to the further flat forecast.

Н4: the lower Bollinger band (109.67) is the limiting support, the resistance is 109.93 (the middle line). The probability of going beyond the lower Bollinger envelope is extremely low.

Н1: as you can see, the same distinctive flat dynamics is observed on all monitored timeframes. We are waiting for a low-volatility session in the range 109.79-109.93.

Conclusions: flat in the range 109.79-109.93.
Trading decisions: none.