Trading range 1.3641-1.3690

04.11.2021

Daily chart: as in the case of the euro, the British pound is in the area of the lower Bollinger envelope (1.3600-1.3704), trading against the background of the falling ADX. Therefore, here we can also draw a conclusion about consolidation before the publication of American statistics tomorrow.

Н4: we mark the local borders of the consolidation range (1.3611-1.3690). Also, the intermediate support at 1.3650 at the middle Bollinger band looks substantial.

Н1: on all timeframes, there is a characteristic of a flat dynamics of both indicators and a price chart. Therefore, we expect further accumulation of potential in the range 1.3641-1.3690.

Conclusions: flat in the range 1.3641-1.3690.
Trading decisions: short-term deals in the range 1.3641-1.3690.