On our chart, we observe that the pair continues to remain in the lower Bollinger band. This means that the downward movement continues and we expect a new test of the 1.1440 level.
After that, the pair will go to test the lower levels of 1.14 and 1.1370. However, you should wait for the breaking of this level. Therefore, we advise you to look for points to enter short positions after the price consolidates below this level.
After that, the pair will go to test the lower levels of 1.14 and 1.1370. However, you should wait for the breaking of this level. Therefore, we advise you to look for points to enter short positions after the price consolidates below this level.