Daily: a confident and wide break of the upper Bollinger envelope, plus a bullish ADX. These are excellent conditions for the further growth of the Euro towards 1.1075-1.1100.

H4: We also see the signs of the possible continuation of the growth of quotations: the similarity of the “bullish pennant”, as well as the active zone of the ADX indicator.

H1: Friday was the day when the markets calmed down, we should not exclude the variant when the pair will remain within the Bollinger envelopes. However this contraction can be called extreme, which often happens before the volatility.

Conclusions: growth to 1.1075-1.1100.

Recommendations: Buy to 1.1075-1.1100.