Trading range 1.3751-1.3774

26.10.2021

Daily chart: the pair is trading in the middle of the upper Bollinger envelope, which is the most unsuccessful area for opening any deals: the price can equally likely go both to the middle band (1.3661) and continue to rise to the upper line (1.3876).

Н4: the local ADX indicator is at an absolute bottom, so the quotes are unlikely to leave the lower Bollinger envelope today (1.3736-1.3778).

Н1: hourly Bollinger envelopes are stable, ADX is also showing flat indicators, which makes a flat scenario today be the most probable. The trading range is limited by the levels 1.3751-1.3774.

Conclusions: flat in the range 1.3751-1.3774.
Trading decisions: short-term deals in the range 1.3751-1.3774.