Flat forecast

11.05.2021

Daily chart: ADX indicators are declining, which may be a sign of flat continuation in the area of the middle Bollinger band (108.67). We note the presence of an inside bar formed yesterday. But, it is improbable that this would be a full-fledged signal to buy.

Н4: the pair is testing the dynamic resistance 108.90, from where sales are possible within the framework of working out the previously broken lower Bollinger envelope.

Н1: hourly Bollinger envelopes are in the horizontal plane, limiting potential volatility today within the range 108.69-108.94.

Conclusions: flat in the range 108.69-108.94.
Trading decisions: none.