Flat forecast

12.04.2021
Daily chart: ADX is falling down, which means that the trend towards consolidation of the market in the area of the middle Bollinger band (109.59) will probably continue. Н4: the range of local Bollinger envelopes...
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Key support – 1.3643

12.04.2021
Daily chart: the pair is approaching the lower border of the Bollinger Bands (1.3643). The general trend is downtrend, so bears will probably try this support. However, the current state of the ADX is weak...
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Consolidation

09.04.2021
Daily chart: the pair is trading at the middle Bollinger band (109.48), which is critical support for the medium-term uptrend. ADX continues to decline, so the consolidation process may be quite lengthy at the current...
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The target of bears is 1.3674

09.04.2021
Daily chart: the pair continues to decline, the development potential of which is in the lower Bollinger band (1.3653). ADX is maintained in a very weak zone, so the market trend can be weakened and...
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Selling from 1.3800

08.04.2021
Daily chart: the pair continues to decline towards the support zone 1.3667 (lower Bollinger band). The ADX trend potential is at a weak level, so the market may show multidirectional movements today. Н4: local trading...
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