Bullish potential

24.06.2021

Daily chart: the pair maintains pressure on the resistance in the 110.94-111.00 zone. Taking into account the high trend potential of ADX, we can expect a breakdown of this zone and consolidation of quotes in the 112th figure.

Н4: local bullish ADX pressure is also at the trend level. We are waiting for the breakthrough of the psychological zone 111.00 and further growth.

Н1: as you can see, on all timeframes there is a trend potential of ADX in favor of buyers. Today we consider movement in the direction of 111.50 and 112.00 (medium-term).

Conclusions: growth to 111.50 and 112.00. Trading decisions: purchases to 111.50 and 112.00.