Day Range - 1.0648-1.0701 | 10 February 2017

Daily chart: bears destroyed yesterday pinbar with no help from ADX. In general, it confirms drop expectations towards 1.0580 (lower Bollinger band), however flat drop is also possible.

Н4: here we are observing the price trapped inside lower Bollinger envelope range (1.0638-1.0701)

Н1: locally potential bullish Over&Under pattern was triggered, so today key support is lower Bollinger band (1.0648). Downside breakout of 1.0638 will ensure another scenario (readiness to drop to 1.0580 region)

Expectations:

Core scenario - rise from 1.0648 region to 1.0701

Alternative scenario - drop to 1.0580 (in case of downside breakout of 1.0548)

Solutions: consider buying from 1.0648 to 1.0701 (with stops in 1.0538 region)