Saved local copy captured 2026-11-01. Data is a snapshot, not a live feed.

Bullish potential

05.06.2021

Daily chart: the breakout of the upper Bollinger envelope also led to the renewal of the local maximum of the pair. ADX indicators have not reached the trend zone yet, therefore, until today’s news release, the pair may be correcting in the direction of the middle Bollinger band (109.30).

Н4: locally the upper Bollinger envelope was also broken. Therefore, traders can use the correction to 109.79 (middle Bollinger band) to build up buying with a view to the upside impulse during the NFP.

Н1: intraday consolidation range is within the Bollinger envelopes (110.12-110.37). This accumulation fits into the “bullish flag” pattern, which is a formation of continuation of the growth .

Conclusions: trade in the range 110.12-110.37, then the impulse to 111.00.
Trading decisions: buying from 110.12 and possibly, 109.79 zones to 111.00.