Daily chart: a downward correction of the pair has started. The bulls failed to reach the psychological level of 110.00, and the overbought market may sink below 108.00.

Н4: the nearest strong stopping support is at 108.29 (Bollinger middle line). In case of a breakdown, the next “station” for the bears will be the 107.19 area.

Н1: H1 chart shows substantial bearish momentum. We are waiting for the selling pressure to the levels 108.62 and 108.29.

Conclusions: decrease to 108.29 and 108.00.
Trading decisions: sales to 108.29 and 108.00.