Daily chart: the pair continues to form a downward correction wave in the direction of the middle Bollinger band (107.86). Exactly from here buyers can try to attack again in the medium-term uptrend.

Н4: control zone of support 108.68 (lower Bollinger band) may come under pressure as there is an increase in ADX indicators. In case of a breakdown of this zone, the bears will get space in the direction of 107.86-108.00.

Н1: the hourly chart also shows the bears’ attempts to break through the 108.68 zone. The structure of the chart is descending, which follows from systematic updates of local minimums. Therefore, we are waiting for a breakdown and further decline in the direction of 108.00 and 107.86.

Conclusions: decline to 108.00 and 107.86.
Trading decisions: sales to 108.00 and 107.86.