Flat forecast

30.06.2021

Daily chart: the downward technical correction is in its final stage, approaching the middle Bollinger band (110.14). This zone is optimal from the point of view of purchases within the probable continuation of the upward trend.

Н4: another strong local support is at 110.37 (lower Bollinger band), where there is practically no activity from the ADX. Therefore, a breakdown below is unlikely.

Н1: the near-zero level of the ADX trend potential indicates that the pair will probably flat within the Bollinger envelopes (110.45-110.62).

Conclusions: flat in the range 110.45-110.62.
Trading decisions: it is better to refrain from trading during the day, and medium-term upward positions will be justified.