Bullish potential

18.05.2021

Daily chart: strong resistance may remain in the 1.2195-1.2200 zone. Although testing of this zone will probably take place against the background of trend pressure from the ADX, so the picture is not unambiguous.

Н4: the local ADX trend dynamics is also at a high level, so the breakdown of the 1.2200 zone is a highly probable event today.

Н1: the hourly upper Bollinger envelope is also broken. Therefore, we are considering buying today as part of the continuation of the upward wave in the direction of 1.2250 and 1.2300.

Conclusions: growth to 1.2250 and 1.2300.
Trading decisions: purchases to 1.2250 and 1.2300.