Daily chart: the holding force for the euro is the resistance level of 1.2245, where, at the moment, the “Double Top” pattern is clearly forming. If the bulls fail to break through this area, then the euro will move to a correction in the direction of the middle Bollinger band (1.2118).

H4: local correction is already active. The nearest strong dynamic support is at 1.2168 (lower Bollinger band). ADX potential is decreasing, therefore, the pair’s fall is potentially limited.

Н1: intraday consolidation range within the Bollinger envelopes (1.2200-1.2240). It is quite possible that this corridor will be enough, inasmuch as correction of the trend potential is substantial. But, generally, the euro may well sink below the round level of 1.2200 from Monday.

Conclusions: flat in the range 1.2200-1.2240.
Trading decisions: sales from the 1.2240 zone.