Daily: Dynamic rebound from the middle Bollinger band indicates that the market moves into a new bearish momentum, with the minimum target of 131.02 (lower Bollinger line).
H4: The lower Bollinger envelope is broken, which is a signal of continuation of the decline, and also limits the possible correction to the middle Bollinger band (134.48).
H1: The downside movement from the current levels is not excluded either, because the hourly chart also has a breakdown of the lower Bollinger envelope, with the middle band (133.18) already tested.
Scenarios:
- Main – decrease to 131.63.
- Alternative – pullback to 134.48, then reversal down and continuation of quotes drop.
Recommendations: To sell to 131.63.