Trading range 1.3357-1.3390

24.11.2021

Daily chart: ADX is still not growing, which suggests that the trend towards bearish accumulation will probably continue. The pair is clearly targeting the lower Bollinger band (1.1367), but is not ready for movement directly.

Н4: the range of possible local consolidation is equal to the lower Bollinger envelope (1.3346-1.3410). Therefore, the most favorable zone for sales is the middle band (1.3410).

Н1: within the day, the trading range may turn out to be much smaller and not exceed 33 points (1.3357-1.3390).

Conclusions: flat in the range 1.3357-1.3390.
Trading decisions: trading in the corridor 1.3357-1.3390.