Daily: A notable bounce down from the upper Bollinger envelope over the last two trading days of last week may be a support for a full-fledged consolidation towards the middle Bollinger band (1.3527).

H4: Local correction area within the lower Bollinger band (1.3635-1.3690). The potential of the ADX trend has noticeably decreased, so the nearest scenario is a flat.

H1: A flat trend is being confirmed within the day between the Bollinger bands (1.3651-1.3705). Apparently, the volatility is about the same as EURUSD, which well consolidates today’s scenario.

Conclusion: Flat in between 1.3651-1.3705.

Decisions: Short trades in the range 1.3651-1.3705.