Daily: the pair maintains a downward medium-term orientation towards the lower Bollinger band (1.2400). ADX is in the active zone, so only selling can be considered in such a market.

H4: there is a stable position of Bollinger envelopes, which creates a strong support at the lower boundary (1.2456). We also do not see any activity from the ADX indicator.

H1: as we can see, by the time 1.2456 is tested, there will be several bars in a row outside the lower Bollinger envelope, which is a prerequisite for a reversal. Thus, sellers should wait for the price to return to the middle line (1.2489).

Conclusions: decline to 1.2456, then pullback to 1.2489.

Recommendations: Buy from 1.2456 to 1.2489. Sell from 1.2489.