Daily chart: the euro is approaching the upper boundary of the Bollinger envelopes (1.0712), where it is likely to turn down again, as the market still has no trend potential.

H4: We confirm the presence of the strong resistance area at 1.0686-1.0712. Here, obviously, significant seller activity is possible.

H1: the intraday upper Bollinger band is quite high, at 1.0740. Thus, we can not exclude the testing of this mark before the reversal downwards as well.

Scenarios:

Main – growth to 1.0712, then reversal down.

Alternative – growth to 1.0740, followed by the reversal.

Recommendations: Buy to 1.0712 and, possibly, to 1.0740 , search for signals to sell in the zones of 1.0712 and 1.0740.