Daily: the pair is trading in the middle of the upper Bollinger envelope, which does not rule out further multidirectional moves. Testing of the middle Bollinger band (1.2258) is also expected.

H4: a very unsure attempt of breaking through the lower Bollinger envelope, which is unsuccessful. Thus, the pair conditionally stays in the range of the envelopes (1.2350-1.2414).

H1: Here there was a breakdown of the lower Bollinger envelope, so we can expect a short-term sell-off from the zone 1.2370-1.2387 to 1.2324.

Conclusions: rollback to 1.2370-1.2387, then decline to 1.2334.

Recommendations: Sell from 1.2370-1.2387 area to 1.2334 and Buy from 1.2334.