Daily chart: there is sellers’ pressure on the lower Bollinger band (109.07). If the bears are successful to gain a foothold below the round level of 109.00, then they will get space to 108.40 and 108.00. This option is quite possible, taking into account the growing indicators of the ADX indicator.

Н4: a local attempt to break through the lower Bollinger envelope occurs in the presence of trend pressure from the ADX, so a negative forecast for this pair is the most probable.

Н1: there are signs of bears dominance on all timeframes. We consider today a scenario with consolidating of sellers below the level of 109.00.

Conclusions: decline in the direction of 108.40.
Trading decisions: sales to 108.40.