Daily: The pair was stuck in the upper Bollinger band (114.60-115.54) with no trend potential from the ADX indicator. So, you can expect a rebound from the upper line and a new bearish phase.
Н4: The upper local Bollinger band has been overcome, so from the middle envelope (114.79) one can look for a buying opportunity to the resistance level of 115.54.
H1: The local upper Bollinger band was also overcome, so another potential area of demand for the dollar is 115.00-115.09 (middle Bollinger envelope).
Conclusions: rollback to 115.00, then growth to 115.41, then a new reversal down.
Recommendations:
- Buy from 115.00 to 115.41.
- Sell from 115.41 to 115.00.