We are waiting for a rebound up from 109.93

26.07.2021

Daily chart: the pair is predictably consolidating in the area of the middle Bollinger band (110.27-110.42). This trend will probably continue, as evidenced by the low falling ADX.

Н4: locally the price may go down to the lower Bollinger band (109.93), from where a rebound up to 110.27 can be expected again.

Н1: the hourly lower Bollinger envelope has been broken, which is a signal for the continuation of the decline. Meanwhile, the potential for movement is insubstantial – supports 109.90-109.93.

Conclusions: a decline to 109.90-109.93, then a rollback to 110.43.
Trading decisions:
1. Sales to 109.90-109.93.
2. Buying from the zone 109.90-109.93 to 110.43.