Daily chart: there is a very strong sellers’ pressure in the zone of dynamic support at 1.1664 (lower Bollinger band), which indicates a probable breakout of this zone and, as a consequence, a further decline in the euro.

Н4: the local lower Bollinger line is at the level of 1.1659. We are waiting for its testing today. The ADX indicator is in the trend zone, so the bears’ medium-term targets can be much bolder.

Н1: the lower Bollinger envelope has been broken on the hourly chart, therefore, we can consider sale deals from the middle Bollinger band (1.1697).

Conclusions: a rollback to 1.1697, then a decline to 1.1659 and 1.1600.
Trading decisions: sales from the 1.1697 zone to 1.1659 and 1.1600.