Trading range 114.09-114.55

21.10.2021

Daily chart: the upper Bollinger band is again located not only higher than the day before, but also above the psychological level of 115.00 (at 115.17). Therefore, we can talk about the relevance of this particular goal for buyers.

Н4: the local trend potential of the ADX is at an extremely low level, which will probably lead to a flat within the Bollinger envelopes (114.00-114.55).

Н1: we also note strong resistance in the 114.33 zone (middle Bollinger band). There is also almost no trend dynamics here, so the pair may remain at the initial levels throughout the trading session.

Conclusions: flat in the range 114.09-114.55.
Trading decisions: short-term deals in the range 114.09-114.55.