Drop to 1.2519 and shift back to 1.26 | 09 December 2016

Daily chart: bears got down to business, so if support level 1.2519 (middle Bollinger band) will fall, bears would go towards lower band (1.2324). Considering quite passive ADX, all the interesting stuff appears to be postponed till the next week.

Н4: Within this frame we see that 1.2519 level unlikely to be broken. So wait for descent to this range and after that upward shift towards middle Bollinger band (1.2646)

Н1: oscillator shows first signs of bullish convergence. This is another evidence of weakening sellers. Wait the pair to go to 1.2519 and buy around 1.2595 (middle Bollinger band)

Expectations: wait the pair to go down to 1.2519 and back to 1.2600.

Solutions:

1. Sell closer to 1.2519

2. Buy in the range 1.2519 - 1.2600.