Considering the daily chart, we observe that the pair suspended the upward movement near the level of 1.1940 and demonstrated growth at yesterday's auctions.
However, the downward trend continues. There is a small correction for our pair and the price may rush to the upper boundary of Bollinger Bands on the 4-hour chart. But we believe that after such a move the price will again try to overcome the level of 1,1940 and consolidate under it.
Therefore, look for points to enter short positions when the price approaches the levels 1,2000 and 1,2040
However, the downward trend continues. There is a small correction for our pair and the price may rush to the upper boundary of Bollinger Bands on the 4-hour chart. But we believe that after such a move the price will again try to overcome the level of 1,1940 and consolidate under it.
Therefore, look for points to enter short positions when the price approaches the levels 1,2000 and 1,2040