EURUSD – Trading range 0.9955-1.1000

15.05.2023

Daily: the pair continues multidirectional movement within the lower Bollinger envelope (1.0925-1.0992). Trend potential of ADX will also continue to fall, which suggests that the current trend is likely to persist.

H4: Strong resistance in the zone of accumulation of the middle Bollinger lines from three timeframes (1.0979-1.0992) is unlikely to let the price higher. But there is also no potential for an impulse wave to develop.

H1: relatively stable Bollinger envelopes limit the potential volatility of the day in the range of 45 pips (1.0955-1.1000).

Conclusions: flat in the range of 1.0955-1.1000.

Recommendations: trade in the range of 1.0955-1.1000.