Buyers’ dominance

11.10.2021

Daily chart: the pair is approaching the upper Bollinger band (112.42). And it is very possible that the bulls will not stop there, because ADX indicator demonstrates extreme upward trend pressure.

Н4: the local upper Bollinger envelope has already been broken, so the bullish forecast for this instrument looks almost unambiguous.

Н1: bulls are the dominant force on all timeframes. We are waiting for the price spike above the upper envelope and further growth in the direction of 113.00.

Conclusions: growth to 113.00.
Trading decisions: buying to 113.00.