Daily: The lower Bollinger band has dropped significantly and is at 129.07. The pair will now clearly head towards this area.

H4: Relatively stable Bollinger envelopes will limit the downside potential today with support at 129.93.

H1: Intraday there is a significant pressure on the lower Bollinger envelope, which is also accompanied by the activity of the ADX indicator in favour of the bears. Thus, we expect the pair in the area of 129.93 and probably lower.

Conclusion: Decrease to 129.93, with the aim of further decline.

Recommendations: Sell to 129.93 (and 129.00 mid-term).