Daily chart: everything is finally ready for downward reversal towards 115.20 and 111.37 (middle and lower Bollinger bands respectively).
The situation is very intense – there is a lot of inside bars and strong oscillator divergence.
Everything leads to decline.
Н4: ADX is very active and envelopes are stable. The price might move again inside the range of 117.13-118.04.
Н1: there is a nice bullish inside bar and ADX is close to the aggressive state. Sell from the current levels!
Expectations: we expect immediate decline towards 115.20
Solutions: sell towards 115.20
Origin: FreshForex
