Trading range 1.1773-1.1823

26.07.2021

Daily chart: support in the 1.1750 zone (lower Bollinger band) did not let the bears go down, providing the market with a substantial upward rebound. Meanwhile, ADX indicators are falling, which limits potential volatility by the size of the lower envelope (1.1750-1.1823).

Н4: local Bollinger bands keep trading sideways, so today it is difficult to expect the euro above the resistance zone 1.1806-1.1823. Probably, we will see a decline in quotations to 1.1773.

Н1: within the day, the bulls have some “fuse”, which may allow the pair to recover for a short time to 1.1823. But, based on the situation on higher timeframes, the forecast for the day will be flat.

Conclusions: flat in the range 1.1773-1.1823.
Trading decisions: short-term deals in the corridor 1.1773-1.1823.