Multidirectional trading | 02 Maret 2017

Daily chart: ADX is close to trending, considering general declining chart we may expect pressure on support level at 1.0484 (lower Bollinger band) with the target in 1.0352 region.

Н4: local support level around 1.0532 (lower Bollinger band) may make the pair stay within today borders, as ADX is passive and corrective.

Н1: here we are observing local bullish Over&Under pattern with upside entry point at 1.0525. Resistance level is around 1.0578 (upper Bollinger band) - that is potential bullish target where we may consider selling again.

Expectations: touch at 1.0525 followed by rise to 1.0578, after that a new drop towards 1.0484.

Solutions:

1. Consider buying from 1.0525 to 1.0578

2. Consider selling from 1.0578 to 1.0484.