Flat in 1.2436-1.2551 Region | 25 January 2017

Daily chart: scenario of rollback to middle Bollinger band region (1.2284) after upper envelope breakout has proven to be true. This is the best way to implement such set-ups. So, one can consider buying in 1.2284 region in mid-term.

Н4: local support is on middle Bollinger band (1.2407). If this support level will fall, we are likely to see decline towards 1.2284. Resistance level is on upper Bollinger band (1.2575)

Н1: little more localized support is in lower Bollinger band region (1.2436). Resistance at 1.2551. Considering weak ADX, this day trading is likely to move in this corridor.

Expectations: flat in 1.2436-1.2551 region

Solutions: trading within 1.436-1.2551