Bullish potential remains

04.03.2021

Daily chart: the pair maintains a strong bullish trend potential, so the main expectation here will be continued growth of quotations in the direction of the round level 108.00.

Н4: locally buyers are breaking through the upper Bollinger envelope against the background of also aggressive pressure from the ADX, which also indicates the exceptional nature of the upward trading tactics.

Н1: as you can see, on all timeframes there is a trending nature of the market in favor of buyers. You can only consider long positions with holding to the nearest round levels of 107.50 and 108.00.

Conclusions: purchases by 107.50 and 108.00.
Trading decisions: purchases by 107.50 and 108.00.