Range 1.1772-1.1813

20.07.2021

Daily chart: it seems that the euro is not able yet to overcome the barrier in the form of support at 1.1757, where the lower Bollinger band is. ADX remains in a strong trend zone, but it is quite possible that these indicators will relate to a potential development of the bullish Over&Under pattern.

Н4: local Bollinger envelopes maintain a stable sideways range of 1.1772-1.1836. A bullish pinbar is forming from the lower border of the corridor, which will also serve as confirmation of a transition to an upward wave.

Н1: the area 1.1805-1.1813 may become a strong resistance on the way of today’s growth. Forecast for the day is flat in the range between this zone and the support of 1.1772.

Conclusions: flat in the range 1.1772-11813.
Trading decisions: short-term deals in the range 1.1772-1.1813.