Daily: the upward technical correction reached the middle Bollinger band zone (1.2060), which might cool down the ardor of the buyers for a while. However, let’s not forget that the bottom Bollinger envelope was not broken, so it is quite possible that the price will move into the upper Bollinger envelope.

H4: The upper boundary of the Bollinger envelopes is at 1.2091, which has not been tested. Thus, another upward impulse from the zone 1.2011-1.2034 cannot be ruled out.

H1: We confirm the potential demand area of 1.2011-1.2034, from where the price can start in the direction of 1.2091. Based on the strong correction of the ADX indicator, such a scenario may be extended for several trading sessions.

Conclusions: rollback to the zone of 1.2011-1.2034, then takeoff towards 1.2091.
Recommendations: Buy from the zone 1.2011-1.2034 to 1.2091.