Daily chart:
Quite intensive entrance of the price to the lower Bollinger bands is in progress. This opens room for further mid-term decline of the quotes in direction of 14.6070 (lower Bollinger band).
H4-chart:
A very strong trending ADX speaks to domination of sellers and probable break of support at 14.9251.
H1-chart:
On hourly chart also an intensive downward wave develops on the back of active ADX. We consider only shorts with target at 14.6070.
Expectations:
Decline in direction 14.6070.
Trading recommendations:
