Daily chart: the downward technical correction is approaching the important demand zone 1.1786 (middle Bollinger band). It will be clear here whether the bulls are able to realize the strategic advantage that they received when the upper Bollinger envelope was broken a few days ago.

Н4: locally we have to state that the bears keep the trend pressure on the euro, which will threaten the support at 1.1786. Additionally, the lower Bollinger envelope was broken here, which increases the chances for a further drop in quotes.

Н1: intraday key support is at 1.1804 (lower Bollinger band). If the trend indicators of the ADX indicator increase by the time this zone is tested, the overall negative forecast for the pair will be confirmed.

Conclusions: decline to 1.1788.
Trading decisions: sales to 1.1788.