Daily chart: the bears failed to break the lower Bollinger band, leading to a bullish close on Friday. This is not a full-fledged trading setup, but it may well allow the pair to recover to the middle line (110.10).

Н4: locally the price continues to consolidate in the area of the middle Bollinger band (109.72). A short-term decline to the demand zone 109.39 is possible, which can be used to open new long positions.

Н1: the downward wave will test strong support at levels 109.63 and 109.42, from each of which signals of an upward reversal may be formed.

Conclusions:
The main scenario is a decline to 109.42, then an increase in the direction of 109.84.
An alternative scenario is an upward rebound from 109.63 and growth in the direction of 110.10.
Trading decisions: search for local buy signals in the 109.63 and 109.42 zones.