Flat forecast

15.09.2021

Daily chart: the situation is unchanged – flat within the Bollinger envelopes (109.53-110.25) against the background of extremely low flat dynamics of the ADX. Further sideways forecast remains fully relevant for the near future.

Н4: the pair is trading for about 40 hours in the area of the middle Bollinger lines from three timeframes (109.88-110.01), which is also accompanied by the ADX flat potential. It cannot be ruled out that the upper Bollinger band (110.25) will be tested, but, generally, the common forecast is flat.

Н1: we finally form a potential sideways corridor, in which the pair can stay until the end of today’s trading session (109.88-110.14). There is no trend potential on all timeframes.

Conclusions: flat in the range 109.88-110.14.
Trading decisions: short-term deals in the range of 109.88-110.14.