EURUSD – Trading range 1.0162-1.0245

25.07.2022

Daily: The pair remains below the middle Bollinger band (1.0227), with no signs of breaking out of this trend.

Н4: Confident “flat” from horizontally oriented Bollinger envelopes. The potential trading range will not exceed 103 points (1.0152-1.0255), which may be quite enough for the euro.

H1: We note more localized support and resistance levels (1.0162-1.0245) on the lower and upper Bollinger bands. The nature of trade here is also lateral.

Result: Flat in the range of 1.0162-1.0245.

Recommendations: Trade in the range 1.0162-1.0245.