Daily: The Eurodollar appears to be confirming a pullback down from the Bollinger Middle Line at 1.1322, although we don’t see any trending potential from the ADX.
Н4: Here ADX activity also indicates a flat, so the price will probably not go beyond the lower Bollinger band (1.1280-1.1312).
Н1: On the hourly time frame, support is at 1.1274. So, the consolidation zone for today is 1.1274-1.1300. But the presence of the ADX trend potential means that in the event of a breakout, volatility can increase.
Scenarios:
- The main one is fluctuations in the range 1.1274-1.1300.
- Alternatively, a fall to 1.1200.
- Trading solutions: Sell from 1.1300 to 1.1274 and 1.1200.