Upper Bollinger band is broken, that is a signal of pair’s growth continuation. At the same time, we have to note, that ADX didn’t reach trending area so far, therefore, there is a probability of prior downward pullback and getting more attractive buy points.
Upward pressure is being pumped at the area of upper Bollinger band (112.58). In case of success, bulls will get space for further growth towards 114.30. But we have to note quite weak ADX, that may tell about absence of breaking potential from buyers.
Market approaches the resistance level 112.59 (upper Bollinger band), from where a downward bounce is expected - ADX resides in a weak area, at the same time continuing its decline, that tells about absence of trending potential in the upward movement (and, correspondingly, low probability of strong level break).