Sellers’ target – 1.35

21.07.2021

Daily chart: the lower Bollinger envelope has been broken once again, which is a clear signal for the continuation of the decline. Also, such a negative scenario indirectly confirms the active bearish ADX. We are waiting for a pair in the psychological zone 1.3500.

Н4: the nearest local dynamic support level is located at the lower Bollinger band (1.3544), but it will also be under substantial pressure of sellers.

Н1: during the day the quotes are consolidating within the Bollinger envelopes (1.3600-1.3639), but even here a fall and continuation of the development of the downward wave can be expected at any moment.

Conclusions: decline to 1.3500.
Trading decisions: selling to 1.3500.