Daily chart: the pair returned to the middle Bollinger band (109.83), confirming the preservation of the sideways medium-term trend. The bulls have the opportunity to continue their growth in the direction of the resistance zone 110.20-110.38, which may be hindered by the very low trend activity of the ADX indicator.

Н4: locally the asset is trading upward within the upper Bollinger envelope. We are waiting for the testing of the upper border of the range (area 110.06-110.20), from where the quotes will turn down again.

Н1: the hourly upper Bollinger envelope has been broken, which is a signal for continuation of the growth. Therefore, the forecast for target development in the 110.06-110.20 zone should be considered very probable.

Conclusions: growth to 110.20, then a downward reversal.
Trading decisions:
1. Buying to 110.20.
2. Sales from zone 110.20.