Consistent decline of dynamic support in the shape of lower Bollinger band can be observed today as well. Today this level stands at 1.1911 already. Mid-term target of the markets resides right here.
Weak local ADX indicates a probable continuation of sideways trend within Bollinger bands (1.2014-1.2136).
Extremely weak passive intraday ADX restrains volatility of today’s session by the scope of 45 pips (1.2040-1.2085).
Flat in the 1.2040-1.2085 range.
Shorts from 1.2085 to 1.2040.