Monthly chart: reversal of this movement is still expected. This movement tells that market is overbought. Visually, growth potential is bordered by 2050 resistance (the upper Bollinger band). Of course, it is necessary to wait until confirming signals are formed, because we witness the upper band moving further upwards which characterizes resistance as dynamic, non-static. Perhaps, middle-terms target of this dropdown is - 1689 (the middle Bollinger band).
Weekly chart: market is also overbought plus divergence. So, we confirm the possibility of reversal that can happen upon reaching new highs.
Day chart: the pair entered horizontal channel 1932.8-1990.0
Conclusion: main scenario is the flat narrowing inside channel 1932.8-1990.0 Another option is a dash in the direction of 1250 and beginning of an intensive downward correction in the direction of 1689 (in the middle run).
Monthly chart: a descending phase within flat movement in the channel 101.28-115.14.
Weekly chart: two supports - 101.28 и 105.37, resistance 115.44.
Day chart: we trace for new local long signals at support 105.24. In case it is broken, we buy from 101.28 with target 111.87
Conclusion: main scenario is descending to 101.28 and return to111.87. Another option is an upward bounce from support 105.37 and return to 115.44.
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