Trading range 1.3649-1.3738

28.09.2021

Daily chart: bears can maintain pressure on the lower Bollinger band (1.3625) – this is evidenced by the earlier broken lower Bollinger envelope and a very intense rebound down from the middle line zone (1.3770). However, we cannot ignore the flat state of the ADX indicator, which, accordingly, can result in a flat.

Н4: locally, the price stuck a little bit in the middle Bollinger band zone (1.3672). Taking into account the fall in the ADX trend potential, it can be assumed that the quotes will remain in this zone the whole day.

Н1: the non-directional trend is also observed on the hourly chart. The estimated trading range will be limited from below by support 1.3649, and from above by resistance 1.3738.

Conclusions: flat in the range 1.3549-1.3738.
Trading decisions: short-term deals in the range 1.3549-1.3738.