Daily: a significant upward correction was predictable, the pair returned to the middle Bollinger band, where we can again expect activity from the sellers.

H4: The area of 1.2509-1.2528 is promising for the sell-off, since this timeframe earlier saw a breakdown of the lower Bollinger envelope.

H1: On the hourly chart the top Bollinger band is at the level of 1.2552, where the upper Bollinger band is located. Also here we can see the inverted “Head & Shoulders” pattern.

Conclusions: growth to 1.2552, then decrease to 1.2500.

Recommendations: Buy to 1.2552. Sell from the zone 1.2552 to 1.2500.