Positional advantage of sellers

06.09.2021

Daily chart: the price falls along with the ADX indicator, so the bears may not be able to complete the target in the lower Bollinger band (109.27) – probably, the price will roll back to the middle line (109.90).

Н4: in the area of local dynamic support at 109.69, there is a local demand for the dollar within the sideways trend, which can also provide a rollback of quotes in the area of 110.00 (middle Bollinger band).

Н1: the hourly lower Bollinger envelope has been broken, so you need to be very careful in the area of 109.64 (middle Bollinger line), from where sales are possible to 109.52 and below.

Conclusions:
The main scenario is a pullback to 109.84, then a decline to 109.52.
Alternative scenario is higher correction towards 110.00.
Trading decisions: sales from the zone 109.84-110.00.