Daily: The pair is fixing in the upper Bollinger band, therefore, after retesting the middle envelope (range 1.1294-1.1309), buyers will try to reach the upper line of the area (1.1413).
Н4: The upper Bollinger band was broken, which can also be considered one of the signals for the continuation of the bullish trend. The estimated range for long trades is 1.1294-1.1309.
Н1: The support is being tested at the level of the middle Bollinger envelope (1.1328), which is quite capable of not letting the price lower. Resistance is in the area of 1.1355-1.1367.
Scenarios:
- Main – Growth in the area of 1.1355-1.1367.
- Alternative – Decrease to the area of 1.1294-1.1309, after the growth with the target at 1.1367.
Solution: Buy to 1.1355 and 1.1367.