EURUSD – Trading Range 1.0960-1.1012

08.08.2023

Daily: the trend does not change. The pair is in a non-directional trend, trading below the middle Bollinger band (1.1074), with no trend support from the ADX indicator.

H4: stable horizontal Bollinger envelopes limit potential volatility to 1.0949-1.1036 levels, which is enough for the Euro in a flat market.

H1: confirming the ranges and intraday. Supports and resistances are localized by the levels of 1.0960 and 1.1012. It is unlikely that the pair will go beyond this range.

Conclusions: flat in the range of 1.0960-1.1012.

Recommendations: trade in the range of 1.0960-1.1012.