Strong bearish potential

19.07.2021

Daily chart: the pair is testing the strongest mid-term support zone 1.3700-1.3717, which remains under selling pressure. ADX is in a strong zone, so the probability of a breakdown downward and a further drop in quotes is very high.

Н4: the local lower Bollinger envelope is broken, which also indicates the forthcoming strengthening of sales. We are looking forward to an attack of the round level 1.3700 in the very near future.

Н1: sellers dominate on all timeframes against the background of strong trend pressure of the ADX indicator. Only sales can be considered in such a market.

Conclusions: decline to 1.3650 and 1.3600.
Trading decisions: sells to 1.3650 and 1.3600.