Bears have perspective areas for sales

06.08.2021

Daily chart: the average Bollinger band (109.88) was tested today. Therefore, immediately from the current levels, a downward reversal is possible within the working out the broken lower envelope.

Н4: the local dynamic resistance level from the upper Bollinger band is located above the current price at 110.10. We cannot exclude a test of this area on news from the US and a subsequent downward reversal.

Н1: the range of consolidation is still 20 points (109.68-109.88), where the market can remain until the release of nonpharm data.

Conclusions: growth to 110.10, then falling to 109.42 and 109.07.
Trading decisions: sales from the 110.10 zone to 109.42 and 109.07.