Trading range 110.70-110.95

25.06.2021

Daily chart: the bulls have not been able to overcome the resistance in the upper Bollinger band (111.14) yet, although the bullish potential from the ADX remains. Therefore, after the quotes roll back down, a new attack of buyers can be expected.

Н4: local consolidation range is 110.50-111.14 (Bollinger bands). ADX indicators are falling, so the market volatility, probably, will not exceed these 64 points today.

Н1: an even narrower sideways corridor remains within the day (110.70-110.95). Yesterday it turned out to be quite enough, so today we can see the same range.

Conclusions: flat in the range 110.70-110.95.
Trading decisions: short-term deals in the range 110.70-110.95.