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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The calm before the storm

08.05.2021
Daily chart: the pair is trading in a flat local trend within the upper Bollinger envelope (108.71-109.70). Taking into account the presence of the G&P reversal pattern, the scenario of a drop in quotations looks...
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Bears’ positional advantage

08.05.2021
Daily chart: in expectation of today's "non-farms", the market is in a fever. The conditional axis around which multidirectional movements take place is the middle Bollinger band (1.2027). After the publication of the American data,...
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