Find downward entry points | 09 December 2016

Daily chart: it seems that there is shaping an extending triangle, however, in general, downtrend remains. So wait for a descent towards lower Bollinger band (1.0489)

Н4: there is upward correction after breakout of lower Bollinger envelope. Resistance level is 1.0714 (middle Bollinger band). Here is where new signals of downward movement will be shaped.

Н1: there is whole bunch of local resistance levels on the way of rollback - 1.0641, 1.0672, 1.0714, 10752. It is useless to buy in such case, so wait for a chance to sell on one of the resistance levels. Support level is localized on 1.0521 (lower Bollinger band)

Expectations: in general, wait for descent to 1.0521, but at first, upward shifts to 1.0672, 1.0714, 10752 are possible, these are potential entry points for selling.

Solutions: find downward entry points around 1.0672, 1.0714, 1.0752. The goal is 1.0521