The decline to 1.1336 is possible

16.11.2021

Daily chart: the breakdown of the lower Bollinger envelope (the fourth in a row) occurs against the background of the ADX indicator entering the bearish trend zone. This means that the decline in quotations can be continued at any time and from any strong level.

Н4: the local lower Bollinger envelope was also broken. The probable area of repeated sales is the middle line (1.1437), where, accordingly, a rollback of quotes can be expected.

Н1: on the hourly chart, the dynamic resistance from the middle Bollinger band is at the round level 1.1400, which will also contribute to the presence of a sufficient number of pending orders of sellers here. After touching this zone, the euro quotes may fall to 1.1336 (lower Bollinger line).

Conclusions: a rollback to 1.1401, then a decline to 1.1336.
Trading decisions: selling from the 1.1401 zone to 1.1336.