22 3月 2017, EUR/USD
Daily chart: ADX is growing slowly, for now trend supports bulls. Upward breakout of 1.0804 will allow rising towards 1.0871, it is a strong pivot area. However, considering weak trend ADX we may expect rollbacks to the downside.
Н4: oscillator divergence indicates bullish weakening. However, ADX shows aggressive trend. Bulls may actually reach new high today and then give way to correction. Support levels are at 1.0769 and 1.0718 (middle and lower Bollinger band).
Н1: price rotation area is 1.0791-1.0820. If the pair breaks support level at 1.0791, that will be a signal for starting rollback to the downside.
Expectations: the situation is unstable. On the one hand, bulls may renew today's high. On the other hand, bears have a chance to ensure correction towards 1.0769 and 1.0718.
Solutions: so, consider skipping downside rollbacks and looking for upside entry points.