Analysis method - “Trend Potential”
October 12, 2018
Short-term downward tendency in direction of lower Bollinger band (111.19) preserves.
We confirm local bearish pressure in direction of the support 111.75 at lower Bollinger band.
It’s quite likely, that the week will close calmly in sideways channel 112.01-112.46 (Bollinger bands), since ADX indicator resides on a very low level, that is inherent to flat.
Flat in the 112.01-112.46 range.
Shorts from the 112.46 level.