Trading range 1.3895-1.3942

04.08.2021

Daily chart: the pair, having not reached the middle Bollinger band, switched to growth again, which makes it possible to work out the dynamic resistance at 1.4000.

Н4: the local state of the Bollinger envelopes, as well as the activity of the ADX indicator, are at the flat level. Therefore, one of the most probable scenarios will be a trade within the range 1.3871-1.3954.

Н1: the bulls did not manage to break through the upper Bollinger envelope, therefore, against the background of the flat ADX, we can make a suggestion that the volatility will not be great today, and the trading will be limited by the 1.3895-1.3942 corridor.

Conclusions: flat in the range 1.3895-1.3942.
Trading decisions: search for local signals at the borders of the range 1.3895-1.3942.