22 Febrero 2017, EUR/USD
Daily chart: local bullish Over&Under pattern that we discussed yesterday was destroyed, so euro is likely to fall fast towards 1.0352 - ADX trending potential is very strong.
Н4: there is similar situation: ADX is extremely aggressive, bears have absolute position advantage and are free to start new decline. We expect drop to 1.0352
Н1: this is the third time frame where buyers are supported by growing ADX and have broken lower Bollinger envelope. All three frames match, so downward movement is almost inevitable.
Expectations: we expect direct intensive drop to 1.0352 region, where may be substantial rebound.
Solutions:
1. Consider selling to 1.0352
2. Consider buying from 1.0352.
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