The pair is consolidating

At the moment, we are seeing that the support level of 1.3050 has been worked out again and the pair has corrected from it. We also see falling peaks. This indicates the presence of a downtrend. The pair approached the center of the channel and may soon break through the middle of the Bollinger bands.

If the price breaks through this line and goes into the lower band, we advise you to take short positions, starting from the level of 1.3050.