Negative forecast remains

26.04.2021

Daily chart: the pair remains focused on the lower Bollinger band, which renews minimums almost every day. This indicates that the downtrend remains relevant, and the bears are provably trying to bring the price below the round level of 107.00.

Н4: the broken lower Bollinger envelope has not been worked out yet, so the scenario of a decline in quotations from the middle Bollinger band (107.93) will remain key.

Н1: on the hourly chart we also mark the area of resistance 107.84-107.93, from where we can expect a sale in the direction of 107.60 and 107.18.

Conclusions: decline from the zones 107.84-107.93 to 107.60 and 107.18.
Trading decisions: sales from the zones 107.84-107.93 to 107.60 and 107.18.