The fall towards 1.3805 is expected

02.03.2021

Daily chart: the trying to break through the middle Bollinger band (1.3908) is taking place against the background of the ADX indicator correction. Therefore, the process of possible consolidation below the support 1.3900 may stretch in time.

Н4: the local dynamic support level is at 1.3805. It is goal that is key for sellers today.

Н1: as in the case of the EURUSD pair, the trend pressure on the hourly charts is substantially higher than those observed on the daily frame. Key support is 1.3864. Its breakdown will activate sellers even more.

Conclusions: a decline of 1.3805.
Trading decisions: sales to 1.3805.