Daily chart: the pair is consolidating within the range of the lower Bollinger envelope (1.3776-1.3931), without any signs of activity from the ADX. Therefore, the most likely scenario will be multidirectional movements within today’s session.

Н4: the bears could not provide themselves with a breakdown of the lower Bollinger envelope in the 1.3819 zone, which gives priority to the development of an upward wave in the direction of the 1.3901-1.3931 zone.

Н1: intraday breakout of the bulls above the round level 1.3900 seems unlikely. Therefore, we consider both purchases towards 1.3901 (upper Bollinger band) and sales from this psychologically important zone in the direction of 1.3819.

Conclusions: flat in the range 1.3819-1.3901.
Trading solutions: trading in the range 1.3819-1.3901.