Decline to 1.3343

11.11.2021

Daily chart: the lower Bollinger envelope has been broken, which is one of the important signs of the continued bear market. ADX is close to the trend zone, but is not yet in it, so today some preliminary upward pullback of quotes is possible.

Н4: Substantial trend bearish pressure is present locally. Meanwhile, the RSI oscillator demonstrates convergence with the price chart.

Н1: the hourly dynamic support level from the lower Bollinger band is in the 1.3343 zone, which is the current target of the sellers.

Conclusions: decline to 1.3343.
Trading decisions: selling to 1.3343.