Uptrend is over and we see quite an intensive process of downward reversal. The reason was a bearish divergence of RSI and now current situation resembles a Head-and-shoulders pattern. The closest target of sellers is 4.0897, but mid-term target can be much more daring.
Strong local dynamic support 4.1466 (lower Bollinger band) is scarcely going to be broken by a downward wave - ADX readings are too small. Probably one more pullback will take place towards the middle band (4.1600), from where we can go short with good decline dynamics.
Lower Bollinger band is broken (an important signal for decline continuation). Besides, ADX has trending readings. Thus the utmost target of upward correction is 4.1607 (middle Bollinger band). But decline can be triggered directly from current levels.
Main scenario: Drop of the quotes towards 4.0897.
Alternative scenario: Decline towards 4.1466, then pullback towards 4.1607 and afterwards a decline will follow towards 4.0897.
Shorts from the 4.1607 level towards 4.0897.
Short-term short-trades are available from the 4.1466 support towards 4.1607.