EURUSD – Rising to 1.12!

31.07.2023

Daily: bulls are actively pushing away from the middle Bollinger band, which probably indicates that they are ready to move to the upper boundary of the range (1.1311).

H4: the upper Bollinger envelope has been broken, which is a significant signal of growth continuation. The ADX indicator is also in the trend zone, which indicates a possible acceleration of the impulse.

H1: on all timeframes the advantage of buyers is fixed. Thus, we consider the scenario of growth at least to the round level of 1.1200.

Conclusions: growth to 1.1200.

Recommendations: Buy at 1.1200.