Forex Technical Analysis: Trend potential – Buy from 1.1031 to 1.11

EURUSD – UpDaily chart: ADX is weak, but growing. The pair shows a desire to go to the upper envelope, and today’s goal is the upper Bollinger band (1.1157) Н4: the fourth bar outside the envelope – it is the time of correction. Support is at 1.1002 (middle Bollinger band plus round level). A direct surge to 1.1157 and a preliminary rollback to 1.1002 are equally probable (see the red arrow) Н1: just a little better shaped support – 1.1031 (middle Bollinger band), resistance – 1.1097 (upper band) Expectations: decline towards 1.1031 and then rise to the 1.1097 Solutions: purchase from 1.1031 to 1.1097
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