Daily chart: the pair has consolidated in the area of the middle Bollinger band (1.3829) for five trading sessions in a row and it is quite possible that this trend will continue today. ADX is growing, but has not reached the trend zone yet.

Н4: local Bollinger envelopes remain stable sideways, which potentially limits the growth of quotes by the resistance of 1.3888 (upper Bollinger band). The area of accumulation of middle Bollinger bands from three timeframes (H1-H4-D1: 1.3829-1.3837) can remain a support for consolidation.

Н1: on the hourly chart the areas of demand (1.3829-1.3837) and supply (1.3880-1.3888) are also highlighted. Both a scenario of growth above the upper border of the range and a scenario with a fall below the specified support seem unlikely. Forecast is multidirectional price movements between these levels.

Conclusions: flat in the range 1.3829-1.3888.

Trading decisions: short-term deals in the range 1.3829-1.3888.