Trading range 1.1906-1.1935

29.06.2021

Daily chart: the pair will keep targeting the lower Bollinger band (1.1800), however, the ADX potential is still quite low, so this scenario will be extended in time (possibly for the whole week).

Н4: the local trading range is still flat and limited by Bollinger Bands (1.1906-1.1954). ADX is in the weak zone, therefore, probably, this corridor will be relevant today.

Н1: we mark one more local resistance at 1.1931 at the upper Bollinger band. Therefore, today the volatility of the pair may not exceed 25 points.

Conclusions: flat in the range 1.1906-1.1935.
Trading decisions: short-term deals in the range 1.1906-1.1935.