Bullish potential

16.02.2021

Daily chart: the bullish potential of the market remains high. Therefore, we still can expect the growth of quotations towards the psychological maximum of 1.4000.

Н4: locally, the pair is trading within the upper Bollinger envelope (range 1.3864-1.3958). Small downward price corrections can be used to search for buy signals in the direction of the main trend.

Н1: intraday dynamics are limited, although the Bollinger Bands remain a general uptrend. Strong resistance within the day may be the area of 1.3949-1.3958 (upper Bollinger band).

Conclusions: growth to 1.3958 and possibly to 1.4000.
Trading decisions: purchases to 1.3958 and 1.4000.