Trading range 1.3776-1.3816

23.10.2021

Daily chart: the upper Bollinger band (1.3861) has not been tested yet, so such an event remains very probable. This will also be facilitated by the trend state of the ADX indicator.

Н4: local consolidation within the Bollinger bands (1.3757-1.3831). There are the first signs of buyers’ fatigue – overbought and bearish divergence with the RSI oscillator.

Н1: we finally form a flat forecast for today – the pair is trading within horizontally oriented Bollinger envelopes (1.3776-1.3816) against the background of low ADX potential.

Conclusions: flat in the range 1.3776-1.3816.
Trading decisions: short-term deals in the range 1.3776-1.3816.