Bulls’ target – 109.00

05.03.2021

Daily chart: the pair has broken through another round 108.00 level and remains huge bullish pressure from the ADX indicator. Therefore, the level of 109.00 is already possible today.

Н4: the local upper Bollinger envelope has been broken, which is also a signal for continued growth in quotations. ADX is in a strong trend zone, therefore, we consider only purchases.

Н1: buyers remain their dominant position on all timeframes. In the near future, we expect a consolidation above 108.37 and further growth in the direction of 109.00.

Conclusions: growth to 109.00.
Trading decisions: purchases by 109.00.