12 August 2015, EUR/USD
Daily chart: The forecasted yesterday height is reached (the upper Bollinger band, 1.1089). In account of inert ADX, I don’t see the reasons for the decline to bottom band (1.0824), thurthemore there is a euro demand zone within bullish O&U
Н4: as we see the zone 1.1089 can be probably broken but there are no obvious reasons for this. The support is 1.070 (the middle Bollinger band ).
Н1:the same situation.
Expectations: let’s wait for the decline to 1.0970 from 1.1089.
1) those, who were late to sell yesterday, can sell today from 1.1089 to 1.0970