Daily: The pair got seriously overbought, which may not allow the bulls to overcome the barrier of the round level 145.00.
H4: We note that the upper Bollinger band here is at 145.48. Therefore, a reversal downward before the target is reached is unlikely.
H1: Also, one of the scenarios inside today’s trading session may be a flat within the Bollinger envelope range (143.48-144.91).
Scenarios:
- Main – a flat inside the 143.48-144.91 range.
- Alternative – growth towards 145.48.
Recommendations: Buying from the zone 143.48.