Daily chart: the downward wave is approaching the middle Bollinger band (1.3831), where there is an obvious demand area, going below which will be problematic for sellers – the ADX trend potential is decreasing.
Н4: there is no local ADX pressure either, so the pair will probably continue consolidating today within the range of the lower Bollinger envelope (1.3852-1.3898).
Н1: we confirm very strong intraday barriers at support 1.3852 and resistance 1.3898. The forecast for the day is flat in this corridor.
Conclusions: flat in the range 1.3852-1.3898.
Trading decisions: short-term deals in both directions within the corridor 1.3852-1.3898.