The pair is in a flat for the fourth consecutive day around the area of middle Bollinger band (14.7800). Overall trading range is much wider and matches the scope of Bollinger bands (14.4891-15.0761), but these boundaries scarcely will be tested today as ADX potential is very small.
Local ADX also resides in a flat zone, therefore market will remain in the limited range 14.7141-14.8554 (Bollinger bands).
We have the same intraday picture. ADX doesn’t have trending potential, support is at 14.7141, resistance comes in at 14.8554.
Flat in the 14.7141-14.8554 range.
Short-term trades to both sides in the 14.7141-14.8554 channel.