Sideways trading

30.04.2021

Daily chart: the pair continues to show very low trend potential, although the probability of testing the upper Bollinger band in the 1.4016 zone will also persist. But the key trend is small price movements in different directions.

Н4: mark the borders of the local trading range within the upper Bollinger envelope (1.3917-1.3981), where the pair will probably remain today. As you can see, the ADX activity here is also at the level of the flat forecast.

Н1: we confirm the flat character of the market also within the day. The pair is standing in the corridor 1.3934-1.3957 without any signs of increased volatility.

Conclusions: flat in the range 1.3935-1.3957.
Trading decisions: short-term deals in the corridor 1.3935-1.3957.