Trading range 1.3466-1.3506

19.11.2021

Daily chart: the technical upward correction has not reached the middle Bollinger band (1.3559) yet, which remains a highly probable event. Do not forget about the presence of a breakdown of the lower envelope, which indicates that the market maintains a medium-term downward trend.

Н4: the local upward correction also does not look exhausted. A strong area of resistance on the way of the bulls is 1.3522-1.3559. Active selling will be possible from here, but, probably, from Monday.

Н1: on the hourly chart, the pair keeps sideways trading within the Bollinger bands (range 1.3466-1.3506). Forecast for the day is flat in this corridor.

Conclusions: flat in the range 1.3466-1.3506.
Trading decisions: short-term deals in the range 1.3466-1.3506.