Daily chart: the downward correction yesterday worked out the entire range of the upper Bollinger envelope (1.4127-1.4263) very sharply. But it is unlikely that bears will be able to penetrate too deep into the territory of the lower envelope today. With the high probability, we will see consolidation in the middle band area (1.4100-1.4127).

Н4: locally strong support is clearly visible in the zone 1.4100-1.4127 (lower Bollinger band). Bollinger envelopes are stable and ADX indicators are low. Therefore, we can expect either a flat in this zone, or an upward rebound.

Н1: intraday dynamics of ADX corresponds to a possible short-term downward impulse. Although the main expectation, obviously, should be flat within the envelopes (1.4127-1.4177).

Conclusions:
The main scenario is flat in the range 1.4127-1.4177.
An alternative scenario is a decline to 1.4100, then a rollback to 1.4177.
Trading decisions: short-term deals in the corridor 1.4127-1.4177.