EURUSD – UpDaily chart: strong resistance level on upper Bollinger band (1.0638) can force price to drop to 1.0492 (middle Bollinger band). Н4: there is a strong valid level of 1.0638. Bears are shaping inside bar which might cause downmovement potential sufficient for reaching 1.0492 (lower Bollinger band). If bulls manage to break 1.0638, it will be the most powerful signal for further rise. Such uncertainty is attributed to aggressive ADX: now its indicators show signs of both sellers and buyers’ possibilities. Н1: ADX/RSI treats current situation as a technical correction to the downside. Two supports on the pair’s way are middle and lower Bollinger bands (1.0571 and 1.0512) Expectations: I would consider a drop towards levels 1.0571 and 1.0512 Trading solutions: consider selling towards 1.0571 and 1.0512
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