Trading range 1.3756-1.3791

02.09.2021

Daily chart: the pair fully justifies the flat forecast in the area of the middle Bollinger band (1.3775). As you can see, no reactions from the ADX have followed till now, therefore, probably, this trend will continue today.

Н4: the upper border of the local range is limited by the upper Bollinger band (1.3791), the support on the way of a possible decline is 1.3767 and 1.3734 (middle and lower Bollinger bands).

Н1: we confirm the sideways medium-term trend within the Bollinger envelope range (1.3756-1.3791). ADX is in the weak zone, so a breakout is extremely unlikely.

Conclusions: flat in the range 1.3756-1.3791.
Trading decisions: short-term deals in the range 1.3756-1.3791.