09 Marzo 2017, EUR/USD
Daily chart: decline towards lower Bollinger band (1.0492) continues but ADX is growing, which can cause further downside breakout. That's why 1.0492-1.0500 region is expected to be very important.
Н4: in 1.0513 region we have local bullish Over&Under pattern, however it can be considered as a good signal for trading, as there were no distinct downtrend before. However, support in 1.0492-1.0513 region is very strong.
Н1: there is technical correction to the upside. We expect the price to touch middle Bollinger band (1.0543), and later, perhaps, manage downward breakout of 1.0492-1.0513.
Expectations: touch of 1.0543 followed by drop to 1.0492-1.0513, and then rebound.
Solutions:
1. Consider selling from 1.0543 to 1.0500
2. Consider looking for upward signals in 1.0492-1.0513 region.
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