Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

The calm before the storm

08.05.2021

Daily chart: the pair is trading in a flat local trend within the upper Bollinger envelope (108.71-109.70). Taking into account the presence of the G&P reversal pattern, the scenario of a drop in quotations looks more preferable.

Н4: calm before the storm. The pair stands rooted to the spot in the horizontal range of Bollinger Bands (109.02-109.45). It is improbable that this corridor will remain relevant after the NFP data is released.

Н1: mark the borders of the local consolidation range within the Bollinger envelopes (109.00-109.22). We are waiting for a trade in this corridor, followed by an impulse on the news.

Conclusions: trade in the range 109.00-109.22, then impulse in any direction by at least 50-70 points.
Trading decisions: trading on the breakout of the range 109.00-109.22.