Preparing for further growth

17.03.2021

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Daily chart: the upper Bollinger band again showed an increase in the target for bulls, being now at 110.13. The pair, with a high probability, will continue to rise in this zone after the completion of the consolidation.

Н4: mark the local accumulation range within the Bollinger envelopes: 108.84-109.31. Here the ADX is also in the trend zone, so a breakout upward and further growth of quotes is possible at any moment.

Н1: on the hourly chart, the pair is trapped between the support (109.04-109.11) and resistance (109.21-109.31) zones. We are waiting for the trade between these zones and the further upward price movement.

Conclusions: continued growth in the direction of 110.13.
Trading decisions: purchases by 110.13.