Daily chart: the price reversal down from the upper Bollinger band (109.78) allows traders to get the opportunity to short the dollar by more than 200 points – towards the lower line, which is located at 107.72. Of course, such a scenario will stretch over several days. But today the pair may reach the middle band well(108.74).

Н4: we mark local support levels that can suspend the downward wave: these are 109.18, 108.74 and 108.35. Generally, the dynamics here are also negative, which is also accompanied by not too strong ADX pressure.

Н1: on the hourly chart, there is an attempt to break out the lower Bollinger envelope. We note the strong bearish ADX, which contributes to the further sell-off trend.

Conclusions: decrease to 109.14 and 108.74.
Trading decisions: sales to 109.14 and 108.74.