Consider selling at price rise | 09 January 2017

Daily chart: the pair made a substantial bounce down from upper Bollinger band (1.0625), so now it's likely that the pair will decline towards middle band (1.0488)

Н4: right now the pair is on a very strong support level 1.0514 (middle Bollinger band). There are two equal scenarios: upswing towards 1.0625 (see red arrow) and further breakout towards 1.0387 (lower Bollinger band, see blue arrow)

Н1: locally the price is trapped inside Bollinger envelopes range (1.0514-1.0589), here the pair might spend this day. There is also local bearish Over&Under (pattern for selling) with entry point in 1.0615.

Expectations: expect flat in 1.0514-1.0589 range. A touch of 1.0615 is also possible

Solutions: consider selling from 1.0589-1.0615 range