Trading range 1.1900-1.1950

24.06.2021

Daily chart: the euro cannot provide an upward rebound yet, which will, probably, lead to a new decline in quotations in the direction of the lower Bollinger band (1.1863). ADX is in the trending zone, therefore, volatility may be increased.

Н4: the local trading range may be limited by Bollinger envelopes (1.1858-1.1946). A substantial drop in the ADX trend potential is observed here, so trades downward from the upper border of the range can be considered.

Н1: intraday consolidation range 1.1900-1.1950 (Bollinger Bands). On the hourly chart, the ADX is in the flat zone, so probably, the pair will stay within these borders.

Conclusions: flat in the range 1.1900-1.1950.
Trading decisions: short-term deals in the range 1.1900-1.1950.