Decline towards 1.3456 is expected

29.09.2021

Daily chart: a brutal breakdown of the lower Bollinger envelope at the end of yesterday’s trading leaves little chances for the bulls – we see how, in addition to this signal, the ADX trend bearish pressure is building up.

Н4: locally, there are also multiple closings below the lower Bollinger band, which is one of the important signals for the continuation of the downward wave.

Н1: the nearest actual target for sales is 1.3456, where the lower Bollinger band is now. We are waiting for a minimum pair in this zone in the near future.

Conclusions: decline to 1.3456.
Trading decisions: sales to 1.3456.