08 February 2017, EUR/USD
Daily chart: the pair continues quite confident decline towards lower Bollinger band (1.0559). ADX is weak but may be growing soon, which is quite favorable for sellers.
Н4: intermediate support level at 1.0646 (lower Bollinger band) is not likely to stop bearish attack, as level is already under high pressure, that what hyperactive ADX shows us at the moment.
Н1: here we are also observing strong trending bearish ADX. We expect 1.0663 breakout followed by 100-pip decline to 1.0559.
Expectations: sharp decline to 1.0559
Solutions: consider selling to 1.0559