Marking a promising sales area

15.04.2021

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Daily chart: as expected, the pair continued its smooth decline within the lower Bollinger envelope. The probable target for sellers remains the lower band at 108.22.

Н4: the lower local Bollinger envelope was broken, which allows considering sell deals from the middle band (109.17) in the direction of the dynamic support 108.63 (lower Bollinger line).

Н1: another scenario today may be a flat within the Bollinger envelopes (108.83-109.02), as evidenced by the falling potential of the ADX.

Conclusions: growth to the zone 109.02-109.17, then decline to 108.83 and 108.63.
Trading decisions: sales from the zone 109.02-109.17 to 108.83 and 108.63.