Daily chart: last week’s pronounced reverse close shows signs of a “rails” reversal pattern. The bears are quite capable of lowering quotes to a minimum to the middle Bollinger band (1.3814).

Н4: we mark a strong local dynamic support zone 1.3814-1.3845 (congestion from the daily average and Н4-middle Bollinger bands). It will be extremely difficult to pass this zone at such low figures of the ADX indicator.

Н1: the hourly lower Bollinger envelope has been broken, which is also a signal that the quotes will continue to decline. The optimal area for sales is 1.3935 (middle Bollinger band). The nearest target is 1.3879 (the lower bound of the envelopes), but based on the conclusions made above, short positions can be kept lower.

Conclusions: a rollback to 1.3935, then a decline to 1.3879.
Trading decisions: sales from the 1.3935 zone to 1.3879.