Daily: Bearish consolidation is approaching the important support level 114.79 (middle Bollinger band), from which there is a high probability of increased activity of buyers, aiming to work out the previously conquered upper Bollinger band.
H4: Pressure observed locally. Testing of the 114.79 area is expected, which is strengthened by the 115.00 level.
Н1: ADX maintains a high trend potential, which makes the probability of a rebound upward from 114.79 very high.
Conclusions: Correction to 114.79, then rebound up to 115.25.
Solutions:
- Buy to 114.79.
- Sell from the 114.79 zone to 115.25.