Flat forecast

03.11.2021

Daily chart: consolidation continues in the middle Bollinger band (113.64). Probably, this trend will continue, inasmuch as the ADX indicator is actively correcting, which indicates a drop in the trend potential.

Н4: the size of Bollinger envelopes is now 75 points (113.55-114.30), however, as we can see, these borders are not tested within one day.

Н1: we determine the size of the intraday consolidation within the Bollinger bands (113.71-114.00). The forecast for the day is flat.

Conclusions: flat in the range 113.71-114.00.
Trading decisions: short-term deals in the range 113.71-114.00.