Daily: ADX continues to fall, increasing the probability of a correction to the Bollinger mid-band (132.42). Overall, the day could be multidirectional.
H4: a very strong pin from the lower Bollinger band is a signal of possible buying towards 132.31-132.42 (middle Bollinger band).
H1: there was a breakdown of the lower Bollinger envelope on the hourly chart, which makes the resistance level of 131.39 (middle Bollinger band) a reference.
Scenarios:
- Main – pullback to 131.39, then down to 130.50 and 130.00.
- Alternative – in case of consolidation above 131.39, growth to 132.42.
Recommendations: Above 131.39 – Buy to 132.42, below 131.39 – Sell to 130.50 and 130.00.