Trading range 1.4146-1.4188

12.06.2021

Daily chart: a very strong rebound from the lower Bollinger band (1.4100) provoked the closing of yesterday’s trading in the upper envelope, which allows us to expect the growth of quotes to the resistance of 1.4215.

Н4: we also note a strong dynamic resistance at the level of the upper Bollinger band (1.4200), which can be considered as the same zone with the level of 1.4215. Bollinger envelopes are in horizontal orientation, which indicates a high probability of a downward reversal in the direction of 1.4146 and 1.4100.

Н1: intraday consolidation range is 1.4146-1.4188 (Bollinger bands). ADX indicators are falling, so the forecast for the day is obviously flat.

Conclusions: flat in the range 1.4146-1.4188.
Trading decisions: short-term deals in the range 1.4146-1.4188.