Daily chart: the pair remains flat in the area of the middle Bollinger band (103.55). According to the weak ADX, as well as taking into account the “factor of Friday”, we can confidently assume that this trend will continue until the markets leave for the weekend.

Н4: Bollinger Bands maintain a horizontal channel, although the breakdown of the lower envelope, which took place yesterday, should be noted. It greatly reduces the chances of price breaking above the middle band (103.67). Most likely, the quotes will go down to 103.29.

Н1: On the contrary, the hourly Bollinger envelope was broken upwards. All of this is characteristic of a flat, when the market forms many opposite signals, which mainly are false. We are waiting for the continuation of the flat in the range 103.46-103.70.

Conclusions: flat in the range 103.46-103.70.
Trading decisions: selling from the 103.70 to 103.46 zone.