EURUSD – UpDaily chart: very active trending ADX against strong bearish inside bar may indicate a willingness for a serious breakthrough on a breakdown of the lower envelope. Н4: also trend status of ADX. Local resistance is 1.1169 (middle Bollinger band). Support is at the lower Bollinger band (1.1113), but this level may be under significant load. Н1: the pair consolidated within the lower Bollinger envelope (1.1121-1.1162). Here ADX has a trend configuration, too, therefore, the range is going to be broken. The main scenario – touch of zone around 1.1162 and then drop to the 10th figure The alternative scenario – a direct drop with no upward correction Solutions: sales from 1.1162 to the 10th figure.
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