EURUSD – UpDaily chart: prior to release of tomorrow’s NFP data the price is staying in the same channel 1.1160 – 1.1270 for already quite a long time (the range of Bollinger envelopes). ADX is active, but it is far from the trendline area. Bollinger bands are getting more narrow, but in a not much expressed manner. Therefore, with a high probability, we expect the pair staying within the specified range Н4: just a better shaped corridor 1.1170 – 1.1247. But here ADX parameters are better expressed, so there may be surprises in the form of impulses surges of volatility Н1: at this local frame we again see weak ADX. The corridor is within the limited range of Bollinger envelopes 1.1191 – 1.1223 The main scenario – flat within the corridor 1.1191-1.1223 . The alternative scenario – drop to 1.1160-1.1170 area, and then an upward bounce and flat within the corridor 1.1160-1.1223 Trading solutions: cautious trading inside the flat, or abstent from trading at all.
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