Daily chart: the pair maintains a downward trend. The sellers’ medium-term goal is the lower Bollinger band (1.2033). The ADX trend potential is low. Therefore, such a decline may extend for several days already next week.

Н4: local potential is also small. Thus, the pair is likely to remain within the lower Bollinger envelope (1.2084-1.2126) during today’s trading session.

Н1: we confirm a strong area of demand in the zone 1.2084-1.2090 (lower Bollinger band), from where quotes can be corrected in the direction of 1.2115 and 1.2139 (middle and upper Bollinger bands, accordingly).

Conclusions: flat in the range 1.2084-1.2139.
Trading decisions: short-term deals within the corridor 1.2084-1.2139.