Bullish potential remains

25.06.2021

Daily chart: bulls are breaking through the upper Bollinger envelope against the background of substantial trending pressure from the ADX indicator. Therefore, a substantial upward impulse in the direction of 112.00 is possible.

Н4: the nearest strong dynamic resistance is at 111.14 (upper Bollinger line). But, based on the bullish trend ADX pressure, we can expect a breakdown of this level and, as a result, further price distribution upwards.

Н1: all timeframes support an upward forecast for the instrument. We consider buying deals from the middle Bollinger band (110.86) in the direction of 111.50 and 112.00.

Conclusions: growth from 110.86 to 111.50 and 112.00.
Trading decisions: purchases from 110.86 to 111.50 and 112.00.