Continuation of the upward correction

18.11.2021

Daily chart: the upward technical correction of the pair continues, the target of which is probably the middle Bollinger band (1.3577). In this zone, presumably, a pending sell offer can be concentrated, which ensures the presence of a breakdown of the lower Bollinger envelope.

Н4: the trend potential of the ADX indicator is at a low level, so the pair may not pass the resistance level 1.3504 and get a return down to the middle band (1.3447).

Н1: the intraday upper Bollinger line is at 1.3516, where the pair will be targeting today. The optimal buying zone is 1.3475 (middle Bollinger band).

Conclusions: rollback to 1.3475, then growth to 1.3516.
Trading decisions:
1. Buying from 1.3475 to 1.3516.
2. Selling from the zone 1.3516 to 1.3475.