Daily chart: bears maintain pressure on the euro in the support zone of 1.1726 (lower Bollinger band). Probably, the day will be closed by a breakdown of the lower Bollinger envelope, which will further aggravate the situation of buyers.

Н4: the nearest local target of sellers is the round level 1.1700, where the lower Bollinger line is located now. There is also a strong ADX trend dynamics, so there is a very high probability of a breakdown of this level.

Н1: as we can see, all timeframes have a characteristic picture of sellers’ dominance. We are waiting for a short-term trade within the lower envelope (1.1725-1.1740) and then a drop in quotations to 1.1700 and below.

Conclusions: decline to 1.1700, with a probable close below.
Trading decisions: selling to 1.1700 and below.