There are signs of an upward reversal

21.09.2021

Daily chart: at the last drop in quotes, a breakdown of the lower Bollinger envelope was recorded, which was not accompanied by trend pressure from the ADX indicator. As a rule, in such situations there is a rollback up to the middle Bollinger band, which is now at the level of 1.3783.

Н4: signs of oversold conditions are observed locally, which may also contribute to a price reversal upward from the 1.3636 zone (lower Bollinger line).

Н1: on the hourly chart, the lower Bollinger envelope has not been broken, so the bulls have every chance to attack upwards from the 1.3633 zone to 1.3721 and higher.

Conclusions: growth from the 1.3633 zone to 1.3721, with an eye on further growth in the direction of 1.3783.
Trading decisions: buying from the 1.3633 zone to 1.3721 and 1.3783.