Daily: yesterday’s trading resulted in the breakdown of the lower Bollinger envelope, which aggravates the bulls’ position. There is a probability of the pair’s departure to the 19th figure. We also observe the trend activity of the ADX indicator.

H4: The nearest actual target for the sellers is 1.1908 (lower Bollinger band). However, the price is exactly in the middle of the bottom Bollinger envelope, which does not exclude a preliminary correction to the midline (1.2167).

H1: upward correction within the day is aimed at 1.2072 (upper Bollinger band). From this zone, the sell-off to 1.2000 is expected again.

Conclusions: pullback to 1.2072, then decline to 1.2000.

Recommendations: Sell from 1.2072 to 1.2000.