The target of bears is 1.3674

09.04.2021

Daily chart: the pair continues to decline, the development potential of which is in the lower Bollinger band (1.3653). ADX is maintained in a very weak zone, so the market trend can be weakened and the volatility is relatively small.

Н4: very strong local support will be met today at the level of 1.3674, for the passage of which the ADX potential may not be enough. Therefore, another upward pullback to 1.3739 will be possible from this zone.

Н1: on the hourly chart, there is an ADX trend dynamics in favor of sellers, which coincides with the scenario of a decline in quotes to 1.3674.

Conclusions: decline to 1.3674, then growth to 1.3739.
Trading solutions:
1. Sales to 1.3674.
2. Purchases from the 1.3674 zone to 1.3739.