Daily chart: the pair has almost reached the upper Bollinger band (110.40) and will probably get another downward reversal. This is evidenced by the long flat within the Bollinger bands and the extremely passive ADX.

Н4: local bullish potential still remains, but the market has signs of overbought. The resistance in the 110.40 zone looks very powerful here, which also speaks in favor of a downward reversal.

Н1: extreme pressure on the hourly chart makes us think about the rise above 110.40. But, based on the state of the daily timeframe, we dare to assume that the bulls will not be able to gain a foothold above this zone.

Conclusions: downward reversal from 110.40.
Trading decisions: sales from the 110.40 zone.