Daily chart: for the fourth day in a row the pair is trading in the direction of narrowing the range, consolidating as much as possible in the area of the middle Bollinger band (1.4147). This cannot go on infinitely, but the exit from consolidation, with a high probability, will not happen today – the trend potential of the ADX is decreasing.

Н4: the local phase of the market is descending. The support that keeps the pair from entering the lower Bollinger envelope is the middle band (level 1.4147). The dynamics of the ADX corresponds to the further flat forecast.

Н1: strong intraday ADX potential can theoretically lead to a breakdown of support at 1.4147. However, such abnormal trend strength indicators are most likely a consequence of the flat market. A more probable scenario seems to be a flat in the range of the lower Bollinger envelope (1.4147-1.4171).

Conclusions: flat in the range 1.4147-1.4171.
Trading decisions: short-term deals in the range 1.4147-1.4171.