Flat forecast

27.02.2021

Daily chart: trying to break through the upper Bollinger envelope has failed – the high pair has renewed, but then turned into a sharp correction. Now we can expect a rollback of quotes in the direction of the middle Bollinger band (105.36).

Н4: till now, support in the midline zone (105.76) keeps the pair from reversing – the last closed bar is a bullish pin. Therefore, until the level 105.76 is broken, the upward potential will be maintained.

Н1: the trend potential within the day is not too big, but the ADX indicator continues to correct. Therefore, the volatility can be limited by the size of Bollinger envelopes (105.95-106.37).

Conclusions: flat in the range of 105.95-106.37.
Trading decisions: trading within the corridor 105.95-106.37.