21 Diciembre 2016, EUR/USD
Daily chart: ADX is still pressing, that's bad news for those who wait the pair to reverse up for days. Bulls have only oscillator convergence.
Н4: here we see more distinct oscillator convergence (as RSI has already created the bottom, unlike in the daily chart). So after another touch of lower Bollinger band (1.0366) we will be able to see that euro is ready for correction.
Н1: horizontal flat corridor within Bollinger envelopes (1.0362-1.0416) represents possible borders for today's trading.
Expectations:
Core scenario - flat in 1.0362-1.0416
Alternative scenario - decline towards 1.03
Solutions: buy around 1.0362 with little stops (bigger stops will be realized in case of failure anyway) towards 1.0416-1.0429