Preparing for further growth

02.03.2021

Daily chart: when approaching the round level 107.00, the bulls keep the trend indicators of the ADX, which indicates a possible continuation of the upward breakout and consolidation in the 107th figure.

Н4: local potential of ADX is also at the level of trend values. We are waiting for testing of the 107.03 zone (upper Bollinger band) and further strengthening of the dollar.

Н1: the range of potential accumulation 106.77-106.93 (upper Bollinger envelope) allows considering buy deals from the lower border, with holding positions in the expectation of a new impulse in the direction of 107.30, 107.50.

Conclusions: a set of positions in the range 106.77-106.93, then growth in the direction of 107.30, with an eye on 107.50.
Trading decisions: purchases from the 106.77 zone to 107.30 and 107.50.