Selling from 1.3800

08.04.2021

Daily chart: the pair continues to decline towards the support zone 1.3667 (lower Bollinger band). The ADX trend potential is at a weak level, so the market may show multidirectional movements today.

Н4: local trading occurs within the lower Bollinger envelope (1.3715-1.3819). Therefore, the optimal area for selling is the upper end of the range.

Н1: intraday growth of quotes is potentially limited by the resistance zone 1.3800, where the round level and the upper Bollinger band merge. From here the price can go down to 1.3707 (lower Bollinger line).

Conclusions: growth to 1.3800, then decline to 1.3707.
Trading decisions: sales from the 1.3800 zone to 1.3707.