Falling to 1.1744

03.07.2021

Daily chart: the dynamic support level from the lower Bollinger band dropped by almost 20 points per day, and now the main target of the bears is at 1.1744. ADX indicators are on the trend level, so the euro’s fall will accelerate.

Н4: local pressure on the lower Bollinger envelope in the 1.1817 zone is also very large, so we are waiting for a breakdown and a continuation of the decline in quotations.

Н1: there is a trendy dynamics on the part of the ADX in favor of sellers on all timeframes. The forecast for the day is negative. We are waiting for a pair in the 1.1744 zone.

Conclusions: decline to 1.1744.
Trading decisions: sales to 1.1744.