Daily: the pair retains some remaining upside potential, which may allow the euro to once again test the upper Bollinger band area (1.0720).

H4: There is a significant trend pressure in the resistance area at 1.0653 (upper Bollinger line), which may also indicate the willingness of buyers to continue rising to 1.0720 (red arrow). However the pre-New Year’s Eve market may be filled up with false signals, so we cannot rule out the scenario of accumulation within the Bollinger envelopes (1.0581-1.0653).

H1: here the upper Bollinger envelope has been broken through, therefore activation of the bulls in the middle band area is quite possible (1.0617-1.0624).

Conclusions: correction to 1.0617-1.0624, then growth to 1.0655 and 1.0720.

Recommendations: Buy from the zone 1.0617-1.0624 to 1.0655 and 1.0720.