Daily: Despite some growth yesterday, the quotes keep the general downward trend. Key support lies at 135.20 (middle Bollinger band).
H4: The maximum downside target is 134.82, where the dynamic support level from the lower Bollinger band is located. Envelopes are stable, so movement under this mark today is unlikely.
H1: On the hourly chart, there is a breakdown of the lower Bollinger envelope, which will contribute to a decline to the area of 134.82.
Bottom line: Decline to 134.82, then bounce up.
Recommendations:
- Selling to 134.82.
- Purchases from 134.82.