Daily flat forecast

12.08.2021

Daily chart: the lower Bollinger band (1.1705) provoked a rollback of the euro quotes upwards. Overall, the general negative scenario for the euro persists, but now we cannot exclude the possibility that the Bollinger average line (1.1803) will be tested beforehand.

Н4: local Bollinger envelopes are located strictly horizontally, which provides a sideways trend in the range of 1.1705-1.1764 for the pair.

Н1: intraday trend dynamics of the ADX indicator is also at the level of the flat forecast. We are waiting for the pair to trade in the corridor 1.1734-1.1746.

Conclusions: flat in the range 1.1734-1.1746.
Trading decisions: none.