Decrease to 107.74

21.04.2021

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Daily chart: the lower Bollinger line (107.74) has not been strictly tested yet, so the downward trend in quotes will continue. Very active bearish ADX also contributes to this. Therefore, there is a probability that the price will fall outside the lower Bollinger envelope.

Н4: local dynamic support is also at 107.74, which increases the probability for testing it. We also note the transition of ADX to the active zone.

Н1: the intraday trend potential of the ADX is significantly decreasing, so the volatility today may be limited by the lower Bollinger envelope (107.84-108.09), which would only be a delay before the decline continues.

Conclusions: decrease to 107.74.
Trading solutions: sales from 108.09 to 107.74.