Daily: the lower Bollinger envelope was broken, so from the middle Bollinger band (1.0611) sellers may become active again. The bulls’ target will be the consolidation in the upper envelope. However, the initiative will be in the hands of bears.

H4: unsuccessful attempt to break the upper envelope of the Bollinger band will also contribute to the price reversal down from the level of 1.0611.

H1: here we note a breakdown of the upper Bollinger envelope, which is a signal to buy from the middle Bollinger band (1.0555).

Conclusions: pullback to 1.0555, then growth to 1.0611, then reversal downwards.

Recommendations: Buy from 1.0555 to 1.0611. Sell from 1.0611.