Daily: the pair is testing the upper boundary of the Bollinger envelopes (1.2271-1.2333), which probably will not be passed – the ADX is in the weak zone.

H4: The upper Bollinger band (1.2249) was tested here as well, where the pullback to 1.2168 (middle line) may be expected.

H1: We see the clear signs of downward movement, which confirms the flat forecast for the today’s trading session. The range will be limited by the upper Bollinger envelope (1.2200-1.2249).

Conclusions: a flat in the range of 1.2200-1.2249.

Recommendations: trade in the range of 1.2200-1.2249.