Trading range 1.1728-1.1742

13.08.2021

Daily chart: the lower Bollinger band dropped below 1.1700 (1.1694). At any moment the euro may continue to decline in the direction of this target.

Н4: local Bollinger envelopes are in the horizontal plane, limiting the trading range 1.1709-1.1754. ADX is in the weak zone.

Н1: intraday Bollinger bands limit the potential volatility of the pair within 14 points (1.1728-1.1742). The forecast for the day is flat.

Conclusions: flat in the range 1.1728-1.1742.
Trading decisions: short-term deals in the corridor 1.1728-1.1742.