Growth to 1.23

25.05.2021

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Daily chart: in the upper Bollinger band area (1.2274), substantial ADX trend pressure in favor of buyers remains. If the bulls manage to gain a foothold above this mark, then the euro will probably be able to gain a foothold in the 23rd figure today.

Н4: a local attempt to consolidate above the upper Bollinger envelope also occurs against the background of the ADX trend dynamics, which indicates a high probability of an upward breakdown.

Н1: the hourly upper Bollinger envelope was broken twice. We state the dominant position of buyers in the market and wait for the pair at around 1.2300.

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