Trading range 1.1570-1.1600

03.11.2021

Daily chart: the development of growth within the potential development of the bullish inside bar did not occur, which is probably due to the wait-and-see attitude taken by investors ahead of Friday’s non-farms. ADX is also showing a correction, so the pair will probably remain in the area of the middle Bollinger band (1.1586).

Н4: all Bollinger average lines from three timeframes are in the same zone (1.1584-1.1596), which will also contribute to a flat in this area.

Н1: as you can see, all the charts show flat dynamics, and the trading range will be limited by the size of Bollinger envelopes (1.1570-1.1600). The forecast for the day is flat.

Conclusions: flat in the range 1.1570-1.1600.
Trading decisions: short-term deals in the range 1.1570-1.1600.