Daily: The Upper Bollinger Band has increased significantly and indicates the main target of buyers in the 1.3695-1.3700 area. The potential of the ADX trend is significant, so it is advisable to consider buying on a currency pair.
Н4: Area of purchases – 1.3621 and 1.3586, which can be reached by consolidation. The main upside resistance is at 1.3647 (Upper Bollinger Bands).
Н1: The upper Bollinger band has not been broken, so there is a chance for a deeper pullback to the 1.3575-1.3586 zone.
Scenarios:
- The main one is a rebound upward from 1.3621 and growth to 3695.
- Alternative – a decline to the 1.3575-1.3586 zone, then an upward reversal.
Recommendations: waiting for clear buy signals at 1.3621 and 1.3585.