Marking a possible sales zone

01.10.2021

Daily chart: euro has broken through the lower Bollinger envelope again, confirming the relevance of the downward trend. The factor of today’s publication of “non-pharma”, of course, can make its own adjustments, but generally, the technical picture suggests a further drop in quotations to at least 1.1500.

Н4: the price is above the level of the lower Bollinger band (1.1554), which is also an indirect sign of the market’s readiness to continue declining. Although there are also signs of bullish convergence with the RSI oscillator.

Н1: intraday consolidation will probably take place until the release of American news, and the trading range will be limited by Bollinger bands (1.1562-1.1615).

Conclusions: a rollback to 1.1615, then a fall to 1.1562 and 1.1500.
Trading decisions: sales from the 1.1615 zone to 1.1562 and 1.1500