Daily chart: the pair is clearly set to rework the upper Bollinger band (110.65) before turning down. These remaining 20 pips up do not look as attractive as a possible 80 pips down after the reversal.

Н4: the local trend dynamics also contributes to the growth of quotations to the resistance in the 110.65 zone. It will not be easy to pass it, so a downward reversal is a highly probable scenario.

Н1: intraday bulls are showing strong trend potential. We are waiting for an upward impulse to the level of 110.65, from where, based on the conclusions made above, we can expect the beginning of sales.

Conclusions: growth to 110.65, then decline to 110.00.
Trading decisions:
1. Buying to 110.65.
2. Sales from the zone 110.65 to 110.00.