Trading range 1.3692-1.3723

28.09.2021

Daily chart: the pair kept the trend towards multidirectional price fluctuations within the lower Bollinger envelope (1.3625-1.3766). There are no visible signs of completion of this sideways trend yet.

Н4: locally, the pair is fixed above the middle Bollinger band (1.3692-1.3700), which limits potential volatility to the range of the upper Bollinger envelope (1.3692-1.3758).

Н1: within the day, the dynamic level 1.3723 (upper Bollinger band) may become a strong resistance on the way of growth. ADX is in a weak flat zone, so the forecast for the day is flat within the upper envelope (1.3692-1.3723).

Conclusions: flat in the range 1.3692-1.3723.
Trading decisions: trading in the range 1.3692-1.3723.