EURUSD – Trading Range 1.0661-1.0718

13.11.2023

Daily: the pair is trading in the middle of the upper Bollinger envelope, amid falling ADX potential. This indicates the likely continuation of the multidirectional trend on Monday.

H4: the upward phase of the move is potentially limited by the upper Bollinger band (1.0718), oct there we can again consider selling towards 1.0657 (lower envelope boundary).

H1: we also note strong intraday resistance (1.0690, upper Bollinger band). Even if it is broken, the potential upside would be no more than 28 pips, towards 1.0718. Thus, it can definitely be interpreted as a flat.

Conclusions: flat in the range of 1.0661-.10718.

Recommendations: trade in the range of 1.0661-1.0718.