Trading range 1.3760-1.3801

01.04.2021

Daily chart: ADX indicators dropped to flat, therefore, the pair, with a very high probability, will continue multidirectional fluctuations within the lower Bollinger envelope (1.3675-1.3841).

Н4: stable horizontal range within Bollinger bands (1.3717-1.3819). There are no signs of a possible transition of the market to a more active phase.

Н1: strong intraday support at 1.3760-1.3766 (lower Bollinger band). Resistances – 1.3801, 1.3819. The forecast for the day is flat. The reason for this is also clear – tomorrow’s NFPs.

Conclusions: flat in the range 1.3760-1.3801.
Trading decisions: short-term deals in the corridor 1.3760-1.3801.