Daily chart: testing of the upper Bollinger band (111.64) showed sufficient overbought in the pair, which led to the development of an intense downward correction, which now may well reach the middle line (11.36).

Н4: locally the pair is one step away from the dip into the lower Bollinger envelope. Therefore, the control zone of support is at 111.07 (middle Bollinger band). After the breakout of this level, the quotes can easily fall by another 70 points, to 110.36.

Н1: the psychological significance of the round level 111.00 is quite large, therefore, a preliminary rollback of quotes up to 111.37 (middle Bollinger band) cannot be ruled out. Exactly from here it is recommended to continue working downward in the direction of 110.36.

Conclusions: a rollback to 111.37, then a decline to 111.00, with an eye on 110.36.
Trading decisions: sales from the 111.37 zone to 111.00 and 110.36.