EURUSD – Swing between 1.1400 and 1.1431

09.02.2022

Daily: The pair did not continue the down wave and continued to consolidate in the area of the average hourly Bollinger envelope 1.1420-1.1431.

H4: Here the trading range is still limited within 60 points, fluctuating within the horizontally directed Bollinger bands.

Н1: The market dynamics within the day also remains prone to flat. The main support is at the round level 1.1400, and the resistance is at the upper Bollinger envelope (1.1431).

Conclusions: Flat within 1.1400-1.1431.

Recommendations: Short-term orders within 1.1400-1.1431.