Flat forecast

29.10.2021

Daily chart: the pair may get a bullish inside bar at the end of the day. Formed at such a location (support at 113.23 from the middle Bollinger Band), such a signal would have good growth perspectives.

Н4: local Bollinger envelopes are located horizontally, which may mean further staying of the price in the flat range 113.24-114.24.

Н1: hourly Bollinger envelopes also remain strictly parallel, which makes the flat forecast for today the most obvious. We are waiting for the continuation of price fluctuations in the corridor 113.38-113.71.

Conclusions: flat in the range 113.38-113.71.
Trading decisions: short-term deals in the range 113.38-113.71.