There are trading levels for both buying and selling | 08 Diciembre 2016

Daily chart: support level 1.2519 (middle Bollinger band) is not touched yet, if it would be touched, opening long positions in direction of upper band (1.2727) might be appropriate.

Н4: localized support level 1.2579 (lower Bollinger band) is quite steady yet and is showing signs of possible bullish 140-pip upward shift.

Н1: local bullish pattern Over&Under with upward entry point in 1.2579. The goal is resistance level 1.2680 (upper Bollinger band)

Expectations:

Core scenario - at first, downward rollback to 1.2579 and then rapid growth towards 1.2680

Alternative scenario - growth to 1.2680 and only after it a downward rollback to 1.2579.

Solutions:

1. Buy in the range of 1.2579 - 1.2680

2. Sell in the range of 1.2680 - 1.2579