The pair is trading at the bottom.
Today we are waiting for the publication of the consumer confidence index in the U.S., which can significantly increase market volatility. Currently the dollar index is at 12-week highs.
We can see that the price remains below the MA (21) and continues to remain in the lower Bollinger band. Furthermore, the price has been unable to overcome the mark of 1.14 and is trading below this level. We believe that the price will continue this downward movement. Technical indicators confirm the entry into short positions.
Therefore, we advise you to look for points to enter short positions and consider the marks near the levels of 1.1310 and 1.1280 as your targets.
