Resistance line: 1.12842.
Support line: 1.04794.
Market condition: flat.
Analysis: The price is on the middle line of the Bollinger Bands, and there is also a resistance area. After significant trend in the market there is a small bounce. The presence of flat indicates the narrowing of the bands Bollinger Bands. I see two scenarios:
- the price breaks the resistance line and is moving up;
- the price bounces fr…