Growth of euro will continue

26.04.2021

Daily chart: the euro continues to rise against the background of the trend state of the ADX indicator in favor of buyers. We are waiting for the pair in the 1.2177 zone, where the nearest strong resistance is located.

Н4: the local upper Bollinger envelope was broken, which also speaks in favor of the further development of the growth scenario for the pair quotes. Meanwhile, an intermediate rollback to the area of 1.2050-1.2086 cannot be ruled out.

Н1: on the hourly chart the pair is in a confident uptrend, however, due to overbought conditions, the upside potential is still limited by the upper Bollinger band (1.2125). Buy zone – 1.2086 (middle Bollinger band).

Conclusions: growth to 1.2125, with an eye on 1.2177.
Trading decisions: purchases to 1.2125 (and 1.2177 in the medium term).