Negative forecast remains

19.04.2021

Daily chart: the lower Bollinger band, as before, remains much lower than the current price (108.13), so there is a high probability that the pair will continue to correct in the direction of this target.

Н4: an active bearish ADX trendline indicates a possible attack of support 108.61 on the lower Bollinger band. A breakout of this zone will be a confirmation signal for a further decline.

Н1: we note the presence of a breakdown of the hourly lower Bollinger envelope. Therefore, the optimal zone for opening trades down is the middle Bollinger band (108.73). We are waiting for a pullback to this area and a further reversal.

Conclusions: a rollback to 108.73, then a decline in the direction of 108.13.
Trading decisions: sales from the zone 108.73 to 108.13.