The price may still prefer North | 30 ديسمبر 2016

Daily chart: the pair has reached the middle Bollinger band (1.0542). Thus, there are signs that it may touch the upper envelope (1.0782). But ADX does not show the trend, so the price just can "get stuck" in the flat for the holidays.

Н4: at this local frame the upper Bollinger envelope was broken and it occurred at high ADX parameters. Therefore, from a technical point of view, we can expect the following scenario: a rollback to the middle band (1.0464) and then some northern workout upwards (it even may update High, but it is unknown if potential for this will be enough before the new year)

Н1: a better shaped support around 1.0501 (the round level plus the middle Bollinger band).

Expectations: a downward rollback to 1.0501 and then rise to zone 1.0600-1.0635

Solutions: buy from around 1.0501 to 1.0600