Daily chart: the pair continues to grow against the background of a weakened ADX, which may slightly slow down the growth dynamics, but will help the euro to recover to the upper Bollinger band (1.2286).

Н4: we mark a strong local resistance in the area of 1.2240 (upper Bollinger line), which may not be passed today due to low bullish pressure on the ADX. A rollback of quotes may reach the middle band (1.2199), from where an insignificant activation of buyers may be observed again.

Н1: within the day the priority of the flat forecast can be confirmed, with a trading range within the Bollinger envelopes (1.2207-1.2242). ADX is near the bottom, so higher volatility is unlikely.

Conclusions: flat in the range 1.2207-1.2242.
Trading decisions: short-term deals in the range 1.2207-1.2242.