An outright bullish trend, but with a high probability of a downward rollback | 03 May 2016

Daily chart: a very strong trend ADX can not stop bulls. There is a high probability of growth to 1.4870.

Н4: On the local levels the pair is overbought, oscillator is showing signs of divergence, so we can not rule out a correction to even out indicators. The nearest resistance - "round level" 1.48.

Н1: bulls are attacking the upper envelope. If the current hour will be closed in this way, we will have another local northern signal. Local support for a possible rollback - 1.4671 (the middle Bollinger band)

Expectations: now we are waiting for growth to 1.48-1.4850 and then a pullback towards 1.4671

Trading solutions: we are looking for buying options around 1.4671 and selling options around 1.4800 (if there is a short-form signals on H1)