Daily: The sellers failed to break the bearish inside bar on Friday, helped by strong support in the middle Bollinger band area (1.0963). Nevertheless, the position advantage remains on the side of the bears.

H4: The sideways trend within the Bollinger Bonds is in the ascending phase, so correction to 1.1070 (upper band) is possible. Here is also the most optimal point to sell.

H1: In its turn, on the hourly chart the phase of movement is already downward. Thus, we do not consider an increase above 1.1045 (upper Bollinger band). That said, there is also a very significant support area at 1.0963-1.0975. Based on the state of the envelopes, we can make an assumption that further consolidation is waiting for us in the specified corridor.

Conclusions: intense flat in the range of 1.0963-1.1045.

Recommendations: trade in the range of 1.0963-1.1045.