Strong bullish potential

24.02.2021

Daily chart: bulls easily break through the upper Bollinger envelope against the background of the aggressive trend pressure from the ADX indicator. Therefore, we can expect the continuation of the upward wave in the direction of 1.4300.

Н4: local bullish absorption also occurs against the background of the ADX trend pressure, which makes the upward forecast unequivocal, and purchases uncontested.

Н1: on all timeframes, there is an ADX trend dynamics in favor of buyers. In the near future the pair may consolidate above the round level of 1.4200 to continue climbing to 1.4300.

Conclusions: growth to 1.43.
Trading decisions: purchases by 1.43.