Analysis method - “Trend Potential” June 14, 2018
Daily chart: The spot finds itself in the downward movement phase. In case of slip to the lower bands (break under middle band, 109.88), the market can go to test the lower Bollinger band (108.56).
H4: Local support comes in at the 109.57 region (lower Bollinger band). A pullback towards middle band (110.20) is possible from this level, from where selling can be again considered.
H1: On junior time-frame we mark important sell signals - broken lower Bollinger band and growing trending ADX. Resistance is at 110.27 (middle band), target of probable decline - 109.57.
Expectations: So, we expect touch of the 110.20-110.27 area and then decline towards 109.57.
Trading recommendations: Shorts from zone 110.20-110.27 towards 109.57.