Flat forecast

03.06.2021
Daily chart: the pair is trading within the upper Bollinger envelope (109.25-110.07) against the background of the continuing falling ADX. This indicates probable multidirectional price movements today, which is due to the expectations of the...
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The quotes may decrease to 1.2100

03.06.2021
Daily chart: the pair is one step away from falling into the lower Bollinger envelope, which is hindered by the last support at the middle band (1.2179). Once this level is passed, the price will...
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Recovery towards 110.07 is possible

02.06.2021
Daily chart: the pair continues to fluctuate within the upper Bollinger envelope (109.16-110.30), which leaves some space for the bulls to work upwards. Н4: low local trend potential of ADX indicates probably insignificant volatility. Nevertheless,...
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Potential accumulation

02.06.2021
Daily chart: the downward correction yesterday worked out the entire range of the upper Bollinger envelope (1.4127-1.4263) very sharply. But it is unlikely that bears will be able to penetrate too deep into the territory...
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We are waiting for a rebound up from 1.4182

01.06.2021
Daily chart: intraday correction of the pound started earlier than the upper Bollinger band (1.4292) was worked out, so the bulls will continue to look for their opportunities on the pullback. Н4: a strong rebound...
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