07 March 2017, EUR/USD
Daily chart:as expected the pair stuck around middle Bollinger band (1.0608). That enables bears to force new drop towards lower band (1.0488)
Н4: here, on the contrary, ADX supports bulls, who have managed to break resistance level at 1.0630 and trigger movement to the upside. Key support level is at 1.0559 (middle Bollinger band). In case of this support breakout bulls will have good chances to reach 1.0630 (upper Bollinger band)
Н1: the price is trapped inside 1.0571-1.0599. We can also see local bearish Over&Under pattern from 1.0620 region.
Expectations: today's key scenario is touch in 1.0559-1.0571 followed by rise to 1.0620, and then possible drop towards 1.0520.
Solutions:
1. Consider buying from 1.0571 to 1.0620.
2. Consider selling from 1.0620 to 1.0520.
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