Trading range 1.3746-1.3789

09.09.2021

Daily chart: the bears failed to consolidate below the middle Bollinger band (1.3768), and, as you can see, there are no trend parameters of the ADX indicator. The market will probably need some consolidation at current levels.

Н4: a strong bullish pinbar was formed from the support at 1.3740 (lower Bollinger band), which may allow the pair to recover towards the middle Bollinger band (1.3811). The trading range of the instrument will probably be limited by these levels.

Н1: for now, the intraday trading range remains sideways within the Bollinger envelopes (1.3746-1.3789). There is also a correction of the ADX indicator, which confirms the flat forecast for the day.

Conclusions: flat in the range 1.3746-1.3789.
Trading decisions: short-term deals in the range 1.3746-1.3789.