Daily: a very low trend potential ADX indicates a likely consolidation of forces in the middle Bollinger Band area (1.2024). At the same time, the general trend within such a flat is upward, directed to the upper boundary of the envelopes (1.2148).

H4: we see the nearest strong dynamic resistance at 1.2076 (upper Bollinger band), above which the bulls are unlikely to pass today.

H1: The range of possible intraday consolidation is 1.2024-1.2052. That might be enough for a breakout, but we have to consider the probability of a breakout further upward, to 1.2076.

Conclusions: Upward market consolidation in the range of 1.2024-1.2076.

Recommendations: Buy from 1.2024 to 1.2076.