Daily flat forecast

11.02.2021

Daily chart: there is a drop in ADX potential, which will probably lead to a price rollback to the area of the middle Bollinger band (1.2098). Overall, the pair remains in the upper Bollinger envelope, so in the medium term, the possibility of growth to 1.2194 will remain.

Н4: locally, the pair is trading in the middle of the upper Bollinger envelope (range 1.2098-1.2164). The breakdown of both the lower and upper walls of this range is improbable.

Н1: within the day the euro can keep the sideways corridor 1.2110-1.2135 within the Bollinger envelope range. ADX is in a strong zone, therefore, at the end of the day, amid news from the US, a substantial increase in volatility is possible.

Conclusions: flat in the range 1.2098-1.2133.
Trading decisions: short-term deals in the range of 1.2098-1.2133.