Monthly chart: it is close to rally of ADX; Bollinger is set to test1.3711. In its turn, this resistance is the only level, which prevents bulls from growing to 1.4285.
Alternate plan: if movement above 1.3645 becomes impossible, we will wait for the rollback under 1.3462 (around 1.3264).
Daily chart: as we can see, O&U is ready, thus, on the one hand, nothing prevents the price from rolling to the main start point (1.6150), and on the other hand, bears fairly can dredge descending front prior to the final rolling up.
The probability of actuation of this daily O&U by a considerable bullish pressure on monthly chart is growing. Thus, sellers need to keep Stops above the last High, because above there will be a new ascending wave.
Conclusion: main scenario is drop down to 1.5566-1.5743 and movement to 1.6150, from where a new full trend reversal down can start.
Alternate plan: movement to 1.6150 from current points.
Reserve plan:if bulls break the recent High (1.6259), we will wait growth of the pair to 1.6469.
В Monthly chart: ascending retracement of the pair is keeping on towards Bollinger's average (1.0054). Bears need one more micro High to form swing, afterwards they can attack down with fresh forces. Therefore, current realignment can be called middle-terms search for selling points by large players.
Bulls can achieve a breakdown only by moving above the average (1.0054).
Alternate plan — growth to 1.0054 and start of impetus descend.
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