On the daily chart, the pair continued to decline after consolidating below the "round" level of 0.7300. The completion of the upward rebound and overcoming the support level open up space for the continuation of the decline to the next "round" level of 0.7200. Here we can expect stronger support, since the minimum of the end of September is near and the size of the wave of decline since the beginning of October is already large - it reached 300 points with only minor rebounds up. The sequence of the decline of the relative highs and lows of the pair is not broken, only a slight slowdown in the decline is visible, since the new minimum of the pair was not confirmed by the new minimum of the MACD histogram. For ADX, the downward trend remains strong: the excess of DM- over DM+ has increased, the ADX level has increased.
On the four-hour chart, the pair has remained below the downtrend line since the beginning of November, with an upward rebound, it declined from the intersection of the trend line and the resistance level of 0.7300. As on the daily chart, a slowdown in the decline is visible: the new lows of the pair are not confirmed by the lows of the AMCD histogram. However, the trend continues for now, and after a decline from 0.7300, a decline in the short term is preferable.
Resistance levels: 0.7270; 0.7300
Support levels: 0.7230; 0.7200