Daily: The pair has broken into the upper Bollinger envelope. If we see a really solid consolidation, the bulls will get almost 600 pips free space, all the way up to 1.1850.

H4: The nearest actual bull target is 1.1433 (upper Bollinger line). In many ways, the reaction to this area will be indicative.

H1: Low trend potential from ADX, as well as signs of RSI divergence, presumably limits the possible rise to 1.1371 resistance, from where price may return to 1.1286.

Bottom line: A rise to 1.1371, then a pullback to 1.1286.

Recommendations:

• Buying to 1.1371.
• Selling from 1.1371 to 1.1286.