Trading range 1.1744-1.1766

27.08.2021

Daily chart: a pullback in quotes slowed down in the middle Bollinger band (1.1755) and seems to remain here until the close of the trading week – ADX activity is declining, which makes the flat option as the most probable.

Н4: local Bollinger envelopes limit potential volatility within 43 points (1.1730-1.1773). ADX is 100% dormant, so no surprises are expected from today’s trading.

Н1: on the hourly chart the possible trading corridor is even smaller – 1.1744-1.1766 (the size of Bollinger bands). We are waiting for a flat within these borders.

Conclusions: flat in the range 1.1744-1.1766.
Trading decisions: short-term deals in the range 1.1744-1.1766.