Daily chart: the pair is obviously overbought, so a correction of the dollar against the euro may affect this instrument as well. The retracement speed may increase substantially in case of a breakdown of the psychological support at 1.4000.

Н4: locally, the pair is trading downward in the direction of the middle Bollinger band (1.3947). Probably, this dynamic support will not stop the decline either, inasmuch as the bulls did not provide themselves with a breakdown of the upper Bollinger envelope.

Н1: the hourly lower Bollinger envelope has been broken, which allows us to work down to 1.3947 and 1.3900 today. ADX is also falling, so the market may provide opportunities for entry on the retest of the 1.4000 zone.

Conclusions: a rollback to 1.4000, then a decline to 1.3947.
Trading decisions: sales to 1.3947.