Flat forecast

17.04.2021

Daily chart: a smooth slide of quotes in the direction of the lower Bollinger band (108.22) continues. Apparently, the bulls will not be able to push off earlier than the indicated mark is tested.

Н4: local dynamic support from the lower Bollinger band is located at 108.50, which is the minimum actual target for the bears.

Н1: flat character of Bollinger hour envelopes (108.63-108.88). We cannot exclude a fall in volatility to 20 points against the background of a very low trend potential from the side of ADX.

Conclusions: flat in the range 108.63-108.88, with possible testing of the 108.50 zone.
Trading solutions: sales from 108.88 to 108.63 and 108.50.