Maintaining correctional potential

13.05.2021
Daily chart: the downward technical correction continues in the direction of the middle Bollinger band (1.3947). The price is in the middle of the upper Bollinger envelope, which will also contribute to the decline. Н4:...
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Trading range 108.43-108.93

12.05.2021
Daily chart: the pair continues to consolidate in the area of the middle Bollinger band (108.68), which is already the fourth day. ADX is located relatively close to the trend zone, so an increase in...
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Limited bullish potential

12.05.2021
Daily chart: ADX has not entered the trend zone yet, which will contribute to either rollbacks of quotes downward or consolidation at current levels (as it was yesterday). Sales are unsafe to consider due to...
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Flat forecast

11.05.2021
Daily chart: ADX indicators are declining, which may be a sign of flat continuation in the area of the middle Bollinger band (108.67). We note the presence of an inside bar formed yesterday. But, it...
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Trading range 1.2120-1.2170

11.05.2021
Daily chart: the upper Bollinger band (resistance zone 1.2170) kept the pressure of buyers. As you can see, the ADX pressure still remains, therefore, if the pair fails to gain a foothold above 1.2170 for...
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