Daily chart: testing of the upper Bollinger band (110.86) led to a downward reversal, which was predicted. Yesterday’s bearish close indicates a possible transition of the market to the downward phase of the movement to the middle line (110.00) as a minimum.

Н4: locally, for the 16th hour, the pair has been trading in the zone of the middle Bollinger band (110.41), accumulating potential to continue to decline to the support area of 109.99-110.09).

Н1: based on the intraday ADX indicators, we can assume that volatility will be low today – at the level of 16 points (110.32-110.48).

Conclusions: flat in the range 110.32-110.48.
Trading decisions: short-term deals in the range 110.32-110.48.