Daily chart: weak ADX trending potential indicates low probability that bulls will be able to bounce off the middle Bollinger band (110.00). Probably, we will face a flat in a side corridor with low volatility.

Н4: we mark the potential upper border of the trading range – 110.27 (upper Bollinger line). The pair is supported by the tight zone 109.84-109.92.

Н1: hourly Bollinger envelopes limit possible volatility today within 25 points (109.92-110.16). The flat forecast for today is confirmed. The markets can be expected to revive after the exit of the markets from the weekend.

Conclusions: flat in the range 109.92-110.16.
Trading decisions: short-term deals in the range of 109.92-110.16.