Daily chart: a bearish inside bar was received from the middle Bollinger Band (1.1799) yesterday, which indicates the weakness of buyers in this zone. Against this background, the euro quotes may fall by 100 points to the 1.1697 area, where the lower Bollinger line is now.

Н4: local downside potential is limited by the level of 1.1719 (lower Bollinger band). ADX is in a strong zone, so we can expect a breakdown of the support at 1.1763, where the pair is now.

Н1: the hourly lower Bollinger envelope has been broken, which is a signal for the continuation of the decline.

Therefore, today we are considering deals for sales from the middle Bollinger band (1.1773) in the direction of 1.1719.