Daily: an upward technical correction of the asset has begun, directed towards the middle Bollinger line – 1.1402. This resistance level can play an important role in both cases:

• Continuation of the bearish trend;
• Reversal into an uptrend.

Н4: here a significant signal of further growth is the breakout of the upper Bollinger level. It is advisable to wait for the touch of the middle band (1.1242) to enter long positions with the target at 1.1402.

Н1: ADX shows a decrease in the trend potential and consolidation within the day in the range between 1.1263 and 1.1325 is quite acceptable.

Conclusions:

• Main scenario: fluctuations in the range of 1.1263-1.1325;
• Alternative scenario: fall to 1.1242, and then rise to 1.1325, with targets at 1.1402;
• Trading decisions: bullish entry from the range of 1.1242-1.1263.