Decline in volatility is expected

01.09.2021

Daily chart: the forecast of the buyers’ inability to pass above the 1.1831 zone (upper Bollinger band) is confirmed – the envelopes maintain a stable horizontal orientation, and there are obvious signs of weakness of the bulls yesterday and today.

Н4: the upper Bollinger envelope has not been broken, therefore, the growth limit of the euro now may be the resistance at 1.1831 (upper Bollinger line). Therefore, this area becomes promising for opening sell deals in the direction of the lower band (1.1756).

Н1: intraday Bollinger bands noticeably narrow the volatility (to 23 points) – the trading range will potentially be limited by the levels 1.1794-1.1817.

Conclusions: flat in the range 1.1794-1.1817.
Trading decisions: short-term deals in the range 1.1794-1.1817.