Moderate pair volatility is expected

16.02.2021

Daily chart: euro remains medium-term upside potential, which could allow bulls to reach the upper Bollinger band (1.2206) this week. While the ADX is in the weak zone, the volatility may be small.

Н4: local growth of quotations is still limited by the dynamic resistance level 1.2152 (upper Bollinger band), from where the price can correct to 1.2126 and 1.2102 (middle and lower Bollinger bands).

Н1: within the day we also note the low trend potential of ADX. Therefore, the trading range of the pair will be limited by the levels 1.2121-1.2152 (Bollinger envelope size).

Conclusions: flat in the range 1.2121-1.2152.
Trading decisions: short-term deals in the corridor 1.2121-1.2152.