There will be a decline to 1.3608 soon

22.01.2021

Daily chart: the upper Bollinger band (1.3743) did not let the bulls go higher, which can lead to further development of the downward correction in the direction of the middle Bollinger band (1.3608).

Н4: the upper Bollinger envelope was not broken, therefore, if it falls below the middle Bollinger line (1.3669), we can confidently expect a pair in the support zone 1.3589-1.3608.

Н1: the lower Bollinger envelope was broken inside the day, reflecting the new phase of active sales after the completion of the rollback in the 1.3713 zone (middle Bollinger band).

Conclusions: a rollback to 1.3713, then a decline in the direction of 1.3608.
Trading decisions: selling from the 1.3713 zone to 1.3608.