Daily: the pair is in the process of forming a technical upward correction, although a direct test of the lower limit of the Bollinger envelopes (1.1744) has not happened yet. However, due to the inside bar, the bulls have a good chance of reaching the middle band (1.2062).

H4: We note stable local Bollinger envelopes, which creates a very strong resistance at the level of 1.1920. It is unlikely that buyers will be able to break through it today.

Н1: On the hourly chart, there was a small breakdown of the upper Bollinger envelope, which makes a new attempt to grow from the middle band (1.1865) possible.

Results: Decline to 1.1865, then rise to 1.1920.

Recommendations: Purchases from 1.1865 to 1.1920.