We are waiting for the pair at 109.17

21.09.2021

Daily chart: the pair retested the lower Bollinger band (109.39). Meanwhile, both the stability of the envelopes and the lack of trend potential on the part of ADX are preserved. With a high probability, quotes will recover in the direction of the zone 109.86-110.00.

Н4: as we can see, locally, there is still a small unworked space to the lower Bollinger band (109.17), which sellers can take advantage of.

Н1: there is also a preservation of the residual downward potential within the day. We are waiting for the instrument in the support zone 109.17-109.21, from where the probability of a rebound and a reversal will be maximum.

Conclusions: decline to 109.17, then upward reversal.
Trading decisions:
1. Sales to 109.17.
2. Buying from the area 109.17.