daily schedule : The couple tests the upper boundary of the Bolinger envelopes (1.2271-1.2333), which will most likely fail – ADX in a very weak zone.
N4 : the upper strip of the Bolinger (1.2249) was also tested here, from where we can expect the rolling of the quotes to 1.2168 (middle line).
N1 : as you can see, obvious signs of rollback down are already observed, which confirms the general flile forecast for today’s trading session. The range will be limited by the upper envelope of the Bolinger (1.2200-1.2249).
Conclusions : Flet in the range 1.2200-1.2249.
Trade decisions : Trade in the range 1.2200-1.2249.