Daily chart: the lower Bollinger band (109.38) has been worked out, which led to the beginning of a rather intense upward correction, which has every chance of turning into a daily inside bar. And this, in turn, would be a signal for growth towards the middle line (110.42).

Н4: as you can see, the local lower Bollinger envelope was broken earlier, which is a signal for the continuation of the decline. This means that from the middle Bollinger band (109.80) the pair may start to sell again.

Н1: two hours of unsuccessful attempts to break through the upper Bollinger envelope may “backfire” – the structure has signs of a “bearish flag” pattern, which is also one of the setups of maintaining the main trend.

Conclusions: growth to 109.80, then decline to 109.27.
Trading decisions: selling from the area 109.80 to 109.27.