Set buying signals for next week | 09 December 2016

Daily chart: the pair defenetely wants to take over 116.50 point (upper Bollinger band) - a false downward breakout of bullish inside bar occured yestersay, this is, as a rule, strong signal to buy. However, the pair is unlikely to go one way because it's overbought and ADX is falling despite the fact that it is in a trend range.

Н4: there is strong local resistance in 114.53 (upper Bollinger band). ADX is passive here too, so shift to middle band (114.00) is possible

Н1: today's local trading range is 114.18-114.69 (upper envelope). It seems that trend will go up only on Monday.

Expectations: wait for flat range 114.18-114.69 (wanting to go up, so selling is not recommended)

Solutions: buy in the range 114.18 - 114.69. Positions can be transfered to the next week counting on growth towards 116.50