Daily flat forecast

15.02.2021

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Daily chart: the pair is in a flat in the range of the upper Bollinger envelope (1.2102-1.2206). ADX is falling, so the trend towards multidirectional price movements will continue.

Н4: mark the local area of resistance 1.1247-1.2164 (upper Bollinger band). Support is the round level 1.2100. It is improbably that volatility will be above 64 points today.

Н1: mark intraday support zones 1.2121, 1.2096-1.2102, resistance – 1.2147. The structure is chaotic, so a flat further forecast is the most probable.

Conclusions: flat in the range 1.2096-1.2147.
Trading decisions: short-term deals in the range of 1.2096-1.2147.