We mark a promising zone for buying

30.09.2021

Daily chart: the pair correlates very well with the euro, so here, of course, a repeated breakout of the upper Bollinger envelope was also recorded. The ADX potential is at a very high level, so we can expect further growth in quotations, now to the nearest round levels of 112.50 and 113.00.

Н4: strong resistance can be met in the area 112.09 (upper Bollinger line), inasmuch as the pair is noticeably overbought locally. However, it is impossible to ignore the dominant position of the bulls on the daily frame.

Н1: the presumptive area of correction is the middle Bollinger band (111.67), from where it will be possible to consider buying again, counting on the growth to 112.20 (upper line), 112.50 and 113.00.

Conclusions: rollback to 111.67, then growth to 112.20, 112.50, 113.00.
Trading decisions: buying from the zone 111.67 to 112.20, 112.50, 113.00.