Growth towards 112.00

01.07.2021

Daily chart: the area of the upper Bollinger band (111.47) will be tested in the near future. As you can see, ADX is in the trend zone, so there is a high probability of breakout and further growth.

Н4: the local upper Bollinger envelope has already been broken, which is also a signal for the continuation of the upward trend. ADX is close to the trend zone, therefore, after some pullback, it will be possible to build up long positions again.

Н1: almost all timeframes demonstrate the dominant position of ADX in favor of buyers. Therefore, trading up today looks like an uncontested strategy.

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