Recovery towards 110.07 is possible

02.06.2021

Daily chart: the pair continues to fluctuate within the upper Bollinger envelope (109.16-110.30), which leaves some space for the bulls to work upwards.

Н4: low local trend potential of ADX indicates probably insignificant volatility. Nevertheless, in the horizon of this week, upward trades remain a priority – the upside potential to 110.07 remains.

Н1: within the day there is a trendy bullish pressure from the ADX, which also confirms the unambiguous tactics of working exclusively upward. We are waiting for a pair at 110.07.

Conclusions: growth to 110.07.
Trading decisions: purchases to 110.07.