Daily: a bounce up from the lower Bollinger Band with a promising bullish close of yesterday’s bar almost certainly provides buyers with an opportunity to reach the 1.2246 zone (upper Bollinger line) in the coming days.

H4: a tight PPZ of 1.2083-1.2125, formed by the middle Bollinger bands from the three timeframes, may not let the bulls through today, forcing the quotes to pull back to the 1.2014 demand zone.

H1: the benchmark intraday support is at 1.2083 (middle Bollinger line). The upper envelope was broken earlier, so it cannot be ruled out that the bulls will intensify in this zone.

Scenarios:

Main – testing 2083, then growth to 1.2125.
Alternative – decrease to 1.2014.

Recommendations: search for possible signals to buy in the zone 1.2083.