Continuation of sideways

15.09.2021

Daily chart: the pair continues to intensively test the upper and lower borders of the Bollinger envelopes (109.55-110.25), and based on the unchanged position of the ADX indicator, we can confidently say that this trend will continue today.

Н4: a rebound from the local support in the area of 109.55 allows us to expect the growth of quotations in the direction of the resistance areas of 109.90 and, possibly, higher to 110.17.

Н1: the hourly lower Bollinger envelope has been broken, therefore, there is a possibility of the dollar sales from the middle Bollinger band (109.90) in the direction of a new minimum (area 109.40).

Conclusions:
The main scenario is an increase to 109.90, then a decline to 109.40.
An alternative scenario is an increase to 110.17, followed by a new downward reversal.
Trading decisions:
1. Buying to 109.90 and 110.17.
2. Searching for local sell signals in the 109.90 and 110.17 zones.