Monthly chart: the pair closely approached the level strategic resistance 1.3710, breakthrough of which will ensure Euro with growth dynamics up to 1.4285. Upon that, a preliminary pullback to Bollinger's average may be an option (watch 1.3062).
Weekly chart: support is localized stronger on the point of - 1.3227 (Bollinger's average). Also there are two ways to move to 1.4285.
Bear scenario could be more real if there is a break under the point of 1.3060.
Daily chart: and one more support for 1.3428, which protects bullish forefront against formation of reversing Over&Under.
Conclusion: so, breakthrough above the point 1.3710 will become a signal for growth to 1.4285.
Preceding scenario may be a retracement to 1.3428 either a deeper pullback to 1.3062 (in the case of break under 1.3428). In the second case euro may be sold in the range 1.3571 – 1.31, where one can catch a middle-term momentum for upper movement.
Monthly chart: pressure from ADX is not enough yet, therefore, two options are equally possible: pound can move directly to upper Bollinger band (1.6469) either retrace to the median band (1.5730).
It can be seen that break above 1.6469 carries a potential for growth to 1.6745 and 1.70.
Weekly chart: fake break up of the Inside Bar is a good set up for short. Goal of retracement is a Bollinger's average (1.5507). Here we can see that upper Bollinger band still strives to go up, thus, sales are not safe. In case retracement is confirmed, it will be more pragmatic to buy Britain pound upon its completion.
Daily chart: local support of 1.5987 also may not let bears go, because going below will mean reversal of O&U for bulls (with the entrance point on 1.6158)
Conclusion: main scenario – breaking under 1.5987, pullback to 1.6158 and decrease to 1.55.
Alternative option is a bounce to 1.5987 and a growth up to 1.6469.
Monthly chart: 700 points of retracement are behind, Bollinger was right. Now we will wait for touching of Bollinger's average (1.0054), where it will be decided if descending trend will continue or bulls will fully reverse the pair up.
Weekly chart: O&U pattern is seen with the entrance point on 0.8994. A direct pullback to this level
does not necessarily starts from current levels: in front there is an upper Bollinger band (0.9733), which can serve as a flare gun for a pullback.
Daily chart: a calm ascending drift with resistance on the point of 0.9510 and support as of 0.9347.
Conclusion: a main expectation from the pair is that it will approach the entrance point to middle-term buying zone 0.8994 and target for 1.0054. Breaking support 0.9347 signalizes about readiness to move to pullback.
Leaving above 0.95 can make it possible to continue the movement to 0.9733, from where retracement to 0.8994 will take place.