EURUSD – We expect fluctuations within the corridor

21.02.2022

Daily: The price continues to fluctuate in the 1.1300-1.1350 zone, where the average Bollinger envelopes from different time periods of the chart are located. Since the trend potential of the ADX is decreasing, we can say that the market is not ready for a trend change.

Н4: The lower Bollinger line was broken here, which is a signal for a decline. But flat ADX indicates a high probability of quotes returning to the average envelope (1.1357).

H1: The lower Bollinger line at 1.1313 is a dynamic intraday support. A new correction is expected from it to the zone 1.1350-1.1357.

Conclusions: Flat within 1.1313-1.1357.

Recommendations: Short-term deals within 1.1313-1.1357.