EURUSD – Trading range 1.0709-1.0744

29.05.2023

Daily: the lower Bollinger band continues to fall relative to the current prices, which negates the probability of a serious market correction. The actual target for a possible decline now is the level of 1.0656.

H4: Low ADX trend potential and horizontally oriented Bollinger envelopes. This limits the trading range to the levels of 1.0700-1.07777.

H1: strong intraday resistance was met in the upper Bollinger band area (1.0744), so it is logical to expect a decrease in the quotes to the area of 1.0709.

Conclusion: Probability to trade in the range of 1.0709-1.0744.

Recommendations: to trade in the range of 1.0709-1.0744