Euro remains in a sideways trend

16.09.2021

Daily chart: the flat scenario persists without any signs of going beyond this trend. The pair will continue to accumulate potential in the area of the middle Bollinger band (1.1790-1.1813).

Н4: local Bollinger envelopes remain in the sideways plane, limiting possible volatility to the range 1.1785-1.1834. The ADX indicator also has no trend signs.

Н1: stable Bollinger bands are also marked on the hourly chart. We have an almost unambiguous flat forecast for today with volatility within 30 points (1.1798-1.1827).

Conclusions: flat in the range 1.1798-1.1827.
Trading decisions: short-term deals in the range 1.1798-1.1827.