Trading range 1.3525-1.3585

10.11.2021

Daily chart: the corrective upward pullback faded a little bit in the 1.3600 zone, although there is still enough space for its development – up to the middle Bollinger band (1.3675). However, the decline can be continued at any time, inasmuch as the lower Bollinger envelope was broken.

Н4: the consolidation local range is still limited by the size of the upper Bollinger envelope (1.3522-1.3614). The trend indicators of the ADX indicator are falling.

Н1: we finally approve the trading corridor 1.3535-1.3585 (Bollinger bands) for today. All timeframes show the flat dynamics of both ADX and Bollinger envelopes.

Conclusions: flat in the range 1.3525-1.3585.
Trading decisions: short-term deals in the range 1.3525-1.3585.