Daily: Sellers managed to overcome the dynamic support level from the average Bollinger envelope (114.75) yesterday, which provided them with a wide lower line to continue the decline. So, bears are aiming at 113.45.

Н4: The lower Bollinger band has been overcome, which signals a further fall, within which a rollback to the average envelope 115.17 is likely.

Н1: As in the older timeframe, the lower line is broken, which indicates the activity of bulls in the area of ​​the middle Bollinger envelope 114.75-114.84.

Conclusion: A decline to 114.18, with a target at 113.45 after a rollback to 114.75-114.84.

Recommendations: Sell orders from 114.75-114.84 to 114.18 and 113.45.