Daily: The strong bullish momentum on Friday was not accompanied by similar activity from the ADX indicator. This was due to the purely news component of this movement. Thus, the pair is likely to remain within the upper Bollinger envelope (1.0908-1.1005).

H4: Downward correction after the breakdown of the upper Bollinger envelope. The ADX indicator does not show any trend here either, so the pullback may reach the mid-band (1.0895-1.0908).

H1: We also see support at 1.0950 (middle Bollinger band), where the demand for the upside movement can be found. However, this scenario looks only alternative.

Scenarios:

• Main – decrease to the zone of 1.0895-1.0908, then reversal upwards.
• Alternative – growth from 1.0950 to 1.1005.

Recommendations: search for signals to buy in the zones 1.0950 and 1.0900. Target – 1.1005.