Daily: the pair sharply rolled back to the middle Bollinger band, which was predictable, based on the lack of trend potential ADX. At the moment the situation has not changed, so we can expect multidirectional fluctuations.

H4: the area of 1.2085 (lower Bollinger band) seems to be the ultimate depth of decline. This zone is also the most promising for buying.

H1: we note an intermediate dynamic support at 1.2132 on the lower Bollinger line. It is not excluded that the bears will not be able to go lower.

Conclusions: decline to 1.2132, then growth to 1.2300.

Recommendations: Buy from 1.2132 to 1.2300.