Daily: Multidirectional movements continue within the Bollinger Bands. The bearish phase is coming to an end, which gives opportunities for growth from the 1.1207 area towards 1.1369.
Н4: At the support zone 1.1218-1.1235, there is already a bullish potential, which is another confirmation of the expected growth to the upper Bollinger envelope (1.1359-1.1369).
Н1: Within the day, strong resistance should be expected in the area of the upper Bollinger band (1.1311). ADX indicator is not showing strong enough potential for breakout.
Conclusions: Decrease to 1.1218, after rising to 1.1311.
Trading solutions:
- Buy to 1.1311.
- Sell from 1.1311 to 1.1218.