Flat forecast

12.04.2021

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Daily chart: ADX is falling down, which means that the trend towards consolidation of the market in the area of the middle Bollinger band (109.59) will probably continue.

Н4: the range of local Bollinger envelopes is almost 100 points (109.09-110.03). However, the probability of such volatility today is not high, as evidenced by the falling ADX.

Н1: strong dynamic levels of support (109.48) and resistance (109.83) stand out on the hourly chart, which is more similar to the picture of the usual average daily volatility of this instrument. The forecast for the day is flat.

Conclusions: flat in the range 109.48-109.83.
Trading decisions: short-term deals in the corridor 109.48-109.83.